FA Reversal

johnnyc313

Hi,

We have a fixed asset that has been brought in through purchase ledger and now realise that it has been brought in to the wrong posting group and set up to the wrong number of depreciation years.

Depreciation has been posted as well.

What is the best way for this to be reversed and rectified?

Thanks...

JohnnyC

ara3n

You have to sale the fixed asset. Then purchase it again with the correct setup.