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How to make an asset fully depreciate this year
How to make an asset fully depreciate this year
Description of Issue
How do you make an asset fully depreciate this year?
Context
Capital Assets
Cause
Informational
Resolution
- Reverse all depreciation taken for the asset using the Depreciation Reversal process
- Adjust the Estimated Useful Life of the asset
- Make sure to set the Estimated Useful Life to a value that will allow the asset to fully depreciate within this year
- Run depreciation for the asset
Additional Information
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