Change of Major and Minor Category of Old Assets Pertaining to year 2008 to Newly created Major and
Hi Experts,
Sachin
There are few software assets pertaining to year 2008 and assigned major and minor category as Tangible Assets, now these had to be corrected retrospectively to Category of Intangible Assets. Please guide how this can be achieved. The Gross block, accumulated depreciation and depreciation expense account should be taken from the newly created category. Can system pass this rectification entry automatically ?
Regards
Sachin
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