Hello Accountant1,

For all questions about editing book information, there is not one answer which can be given all the time since it is always about the effect you want to have on the asset once the change is complete. Before making a change the question to ask yourself is: Do you want to keep the depreciation already calculated on the asset or not?

If Yes, answer Yes-Current Thru Date to the questions this is assuming the depreciation is currently ran through the desire date of the change.

If Not, answer Yes-Placed-in-Service date to the questions which will then reset the depreciation to the Placed-in Service date, and the asset will calculate as if it was a brand-new asset.

If these are new assets that just need an adjustment to the value, then resetting to the Placed-in Service date would work.

Since this value was not supposed to be there, a partial disposal which is a calculation of depreciation, is not the way to go.

~Delray