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What journal entries need to be passed when creating an asset with an accumulated depreciation?

edited Jun 14, 2018 9:48PM in Fixed Assets - EBS (MOSC) 6 commentsAnswered ✓

Hello,

When we add an asset with a value of Accumulated Depreciation,the system does not pass any accounting entry to account for this accumulated depreciation. Does this mean we have to pass this manually in GL? What entry needs to be passed.

Regards,

Shankar

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