Depreciation Value Correction

Hi,

This is a new project . With March 31st 2016 balance we went on live. Client has incorrectly entered the cost of an Asset 21367.50. The client has run the Depreciation for APR 17/18 and closed the FA period. Depreciation for this is Asset for the month of APR 17/18 is 351.25. Life Years -5

The correct cost should be 11367.50. Now the client need to update the item cost and wants to correct the depreciation for APR 17/18 with the new cost value.

Please refer below for detail view.

Asset Cost 21367.50

Date Placed in Service is 31-Dec-2016

Life Years -5

Depreciation  for APR 17/18 - 351.25

Correct Cost should be 11367.50