R12855

We have an asset whose life has been revised based on Audit observation. From 96 months it has increased to 240 months. But for the asset already 37 months Depreciation is charged in Books. We use 01 (SLM) method and Formula used is 103 (with Life year Rule of 240 and Compute Direction "I" (Inception).

We revised the life of the asset. But the one time reversal impact to Depreciation and Accumulated depreciation is not happening. We have enabled to the Over depreciation as part of the issue but still the excess depreciation already charged in Books are not getting reversed. Tried with some custom Depreciation formula but none would work as required. Any suggestion please. Thanks in Advance