Depreciation was taken on an asset in error. How do I get the asset back to its original cost?
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#03396c
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titleBGColor
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Context
Fixed/Capital Assets
Panel
borderColor
#03396c
titleColor
White
titleBGColor
#03396c
title
Cause
Depreciation taken in error
...
Panel
borderColor
#03396c
titleColor
White
titleBGColor
#03396c
title
Resolution
From the Depreciation Reversal Program program click Define
Search for the asset(s) you are looking to reverse depreciation on
Click Select to select the asset(s) you wish to reverse depreciation on
Click Accept
After you have selected the asset(s) click Process
Define Define when the depreciation reversal should be effective in your General Ledgergeneral ledger
A confirmation message will pop up asking if you would like to reverse the last depreciation for the selected asset. Click Yes, Reverse depreciation
Once you have saved the Capital Asset Deprecation Reversal Report and no errors are detected it will ask if you would like to Post this transaction. Click Yes, Post to post the reversal