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Kenny D

How to change assets cost after one month depreciation?

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Hi,

One asset was added to system at a wrong acquisition value and it has been depreciated for a month. What we need is to do is reduce cost by $5000 and reverse depreciation in current month. Please show how.

Thank you very much!

Kenny

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    SUGGESTED

    You would need to enter the new value of the asset, and when you move out of the Acquisition value field, you will get to questions: To clear the current depreciation you will answer Yes and then select Service Date to the questions.

    Then you will need to re-run depreciation on that asset to get the corrected calculation on the asset.

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