How to reverse a settlement from a prior year so it can be expensed instead

There was an internal order that was settled to an asset within the group asset. This Internal order should have been expensed to a cost center, not settled.
The problem is that this occurred last year and the user has found this out this year. Since the year is closed what is the best option to do this.
The depreciation key is given in the master data for the group asset and not the individual asset level. So, the depreciation is calculated for the asset but at the group level.  Please could someone give a good solution to this problem.
Regards,
Priya

Hi,
Lets say your IO is A and cost center is B
First check how much dep was already posted to your group asset.
post a write up transaction with ABZU for that amount, so that your asset will have NBV as same as your earlier settled value from IO.
Now post a retirement transaction with ABAVN for your group asset using start date of curr FY.
While posting ABAVN, after simulating you will see the line items generated by the system, in those line items you will find one line item for Profit on sale of asset, position the cursor on that line item and click on *additional account assignments8 button in application tool bar, there mention A in IO field, so that the asset APC value will be re charged to your old IO.
Now again settle your IO -A to your cost center B on FY start date.
this might work, please check  and let me know.
Thanks,
Srinu

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