Fixed Assets - EBS (MOSC)

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How to rollback journal entries when rollback of deprecation for an Assets automatically

edited May 25, 2015 10:06AM in Fixed Assets - EBS (MOSC) 3 commentsAnswered

Hi All,

I have created an Asset and the following are the details:

Assets cost: 1300

Salvage value-100

Periods-12

So depreciation -100

I have run the depreciation with out closing period checked.

So deprecation un der journal entry reserve ledger report gives correctly-100

I have run create Accounting -Assets program to create journal in GL.

It has created 2 categories -1.For additions

2.Depreciation

After reviewing ,went Asset workbench did 1 adjustment.Increased the value of Asset to 1400 from 1300

Re-run depreciation and it has calculated correctly-108.33

I ran create Accounting and jounral passed to GL

But the depreciation in the earlier time and now it is showing 2 times.I thought it will rollback the fist depreciation journal entry.

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