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asset revaluation

Hi,

Current May we have purchased one asset for Rs.100000.00 and depreciation is also calculated and posted from May to August. Now we identified that the value of the asset is wrong.Because asset value is Rs.120000.00. Now i want to change the asset value and depreciation to be calculated for Rs.120000.00 from May onwards. How to solve this issue? Can any one help me in this regard.

govind.

Former Member
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