Cannot scrap asset on earlier date than Interval. Require options

[terri_jessop]

This customer wants to write off specific assets then write them up due to an acquisition. Is working for most assets except those with intervals with dates after the required scrap date.

Asset Info

Interval 1: Start 02-01-2019 End 09-28-2018

Interval 2: Start 09-29-2018 End Unlimited

Depreciation has been run up to Feb 28, 2019 (yes 2019)

Scrap Date = 06-06-2018

System will not allow deletion of Interval 2 as there are cost postings.

Cannot reverse depreciation by asset so would have to reverse for all assets which is not feasibly considering they have written down / written up thousands of assets already.

Looking for options as have no idea how to use the system vs using manual entries to reclass costs

Any ideas are appreciated

Thanks

Terri

[HarshalVakil]

Hello,

You can reverse the depreciation for one asset by changing the depreciation method to No Automatic depreciation and then executing the deprecation run again for that particular asset by selecting the Asset in the depreciation run. this will reverse the Depreciation posting. Later you can try to delete the interval and then post the write-off /Write up-down.

Regards,

Harshal

[edayang]

Hi Terri,

Can you use manual posting--write up but selecting the Depreciation Type as Write-Down?

Thanks,

Eda