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How to make an asset fully depreciate this year

How to make an asset fully depreciate this year

Owned by Knowledge Assistant
Feb 12, 2025
Description of Issue

How do you make an asset fully depreciate this year? 

Context

Capital Assets 

Cause

Informational 

Resolution
  1. Reverse all depreciation taken for the asset using the Depreciation Reversal process
  2. Adjust the Estimated Useful Life of the asset 
    1. Make sure to set the Estimated Useful Life to a value that will allow the asset to fully depreciate within this year
  3. Run depreciation for the asset
Additional Information






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