Fixed Assets - EBS (MOSC)

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HOW CAN WE CORRECT ASSETS CAPITALISED WITH WRONG DATE IN SERVICE

edited Nov 17, 2011 6:04PM in Fixed Assets - EBS (MOSC) 10 comments
Hi,

There is an issue. User says, "We need some help to correct Assets capitalised on Oct with wrong date in Service.
We have already closed Oct and have now realised that there are assets depreciating in Oct which should have been depreciated in Nov. Can someone please advise ASAP if this can be rectified"
 
Here, when I checked financial information, there is depreciation(6000) and also adjustment amount(36000). DPIS is 29-MAR-2011, for 3yrs life. Asset cost 216000.
 
Can I suggest them to retire the asset and add again, in the Nov month. If so, would the accounting be fine? Any adjustment entries to be passed for adding the asset in Oct?

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