Fixed Assets - EBS (MOSC)

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Dep method after done yearly closing the year

edited May 28, 2009 5:03AM in Fixed Assets - EBS (MOSC) 2 commentsAnswered
  Hi,

 

Our issue is as below:

Asset added in 2008 and at addition used Straight Line – 5 Years .Actual depreciation method is Straight Line--- 10 Years and wrong method attached realized in 2009 (i.e. year end closing process over for 2008by that time), Client wants system should consider this change from the time of addition (i.e 2008) and adjust 2008 retained earnings and accumulated depreciation.

 

Please suggest me on above how to handle and various options available if any

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