Accounting Entries are not generated when the asset depreciable flag is changed from Yes to No
Summary:
There is an asset created added in the system on 2022. The date place in service is 02/1/2020. System Automatically created catch- up from 2020 until 2025. In 2026 they asset depreciable flag is changed from Yes to No. No other changes. Below are the questions from user.
- Why Accounting entries are not generated from depreciable flag change.
- The Accumulated Depreciation which was generated before years has to be reversed but it not.
Please let me know what could be the cause for the above questions.
Content (please ensure you mask any confidential information):
Version (include the version you are using, if applicable):
Code Snippet (add any code snippets that support your topic, if applicable):
0