Depreciation reversal

[Former Member]

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In fiscal year 2007, there are two assets. We've capitalised the assets and carried out Depreciation run for period 12. Now as per audit adjustments, we want to reverse the depreciation charged for the year 2007 & also transfer the assets to class CWIP. Please suggest the right procedure to execute the transaction.

Ganesh Tawde

[Former Member]

Ganesh,

you can not reverse the Depreciation run, but you can re calculate the depreciation,

You do one thing make your depreciation Key as Zero percente in your asset master ( for the Assets which are posted wrongly) and re calculate the depreciation then system psot automatically( reverse),

then change dep key to correct one and transfer those assets where ever you want.

but take care while doing this

Regards

[Former Member]

Hi

You can do that. Now you change the depreciation start date as today's date and retire the asset with 31.3.2008. Then you can transfer this asset to CWIP

Regards

Sanil Bhandari