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How to reverse a depreciation journal for a month and update the Fixed Asset record?

edited Jun 2, 2025 2:34PM in Ask A Guru 4 comments

Hi,

I have depreciated fixed assets till January 2023. Now, I want to reverse the January 2023 depreciation.

If I insert the reversal date on the journal it will reverse the GL impact only.

How will I update the Fixed asset record to recalculate the NVB and cumulative depreciation as it was before?

Thank you

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