Reduction of Cost for Asset.

Hi experts,
My client wants to reduce the cost of asset and re-run the depreciation run.
i.e : They acquired the asset on Jan'2010 for $ 100000 and run the depreciation till Dec'2010. but now they observed that some additional cost wrongly posted to Asset costing $5000, now they want to reduce the asset by $5000 and re-run depreciation on amount $95000. Please advise how to do the above scenario.
They are following F.Y Jan-Dec.
Please Advice,
Regards,
Sam.

Hi Sam
There are 2 options.. The 1st option is simpler
1. You posted excess amount of 5000.. Suppose your rate of dep was 10%.. So, this excess amount already got depreciated by 500 between Jan-Dec 2010... If you post an unplanned dep of 4500, you can get rid of this amount of 5000 completely
2. 2nd Option is to do an adhoc posting from ABSO for 5000 and re-execute AFAB for Dec 2010 in Repeat mode
a. Go to ABSO :
Select Trans type 101 -
Posting dat = 31.12.2010
Select the Asset -
Enter Off setting account as the expense GL account which was wrongly capitalized on the asset -
Amount = 5000$
b. Now execute AFAB with REPEAT option, provided your last fiscal in AA is open.. if not, undo the fiscal year closing from OAAQ
c. the differential depreciation would be posted in the month of Dec 2010
BR,Ajay M

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