Chage of Depreciation rate
We have capitalize some assets in 2004 with 10% SLM depreciation method.
Now our management want to change depreciation policy from begining i.e 2004 & want to change rate @5% SLM. we want to post total reversal depreciation in April, 2008 without changing old asset data i.e upto 31st March, 2008.
We had run depreciation upto 31st march, 2008 & asset period is also locked upto March, 2008.
You are requested to please provide solution if any.