Depriciation last year
In the depreciation run we need to make some changes, the below is the scenario. Actually last year for 2 months our user run depreciation but their auditor advised them to run for total year, the fiscal year is 2010. now current fiscal year also depreciated based on last year book value, now it also need to reversed and re run according to the adjustment. My question is how to run whole year depreciation for the closed fiscal year and how to reverse depreciation calculated till now.
I think you are mislead or your auditor is mislead... How can you post Dep for P11 and P12 w/o posting depreciation for the earlier periods i.e. P1-10??.. Thats just not possible..
It may happen that you post an acquisition in back date and hence the total cumulative dep gets posted in current period.... If you have executed Dep for P12/2010, rest assured.. It would have ensured total dep to be posted in 2010... Please check this
br, Ajay M