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Fixed Assets - EBS (MOSC)

Can we add salvage Value to already capitalized and depreciating asset?

Dec 2, 2022 6:13PM in Fixed Assets - EBS (MOSC) 1 commentAnswered

Asset is placed in service on 16-May-22

User realized in Dec-22 that Salvage Value is not added.

Is it okay to add salvage value now? How can we ensure that change is retrospective from May-22 onwards.

Thanks

Deepti

0

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