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Tax Adjustment for cost in prior year

edited Jul 14, 2015 5:11PM in Fixed Assets - EBS (MOSC) 7 commentsAnswered

Hi, we need to make a cost change in a tax book for a prior year.  For example, the asset was capitalized in 2011 at 1000.00 and due to an audit we need to reduce the cost as of 12/31/2013 to 800.00.  We are now in 2015.  Is this possible?

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