Accelerate depreciation?
Hi All-
We have a group of assets that for some reason, were fully depreciated via journal entries, but not in FA. Consequently, we'd like to have that reflected in FA and I'm not sure what the best way for doing that would be. We could always reverse the journals, so what would be the most straightforward way of updating the assets in FA? Changing the asset life? Un-checking the depreciate flag?
Any input would be massively appreciated.
Thanks!
Joe