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Is it possible to reverse AUC settlement after 5 depreciatoin Runs?

Former Member
0 Kudos

Hi,

In 2009 December, we have settled the AUC asset to Main Asset. After that we have executed depreciation run upto may (Fisacal Year is from January to December).

The main asset has acquisations from 2008. The above AUC is the addition for that.

Now is it possible to reverse the AUC? what are the steps do i need to follow to revrse.

Please advise me and help..

Thanks

KB

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi,

In addition, if it is not possible to open posting period then do asset transfer from Main asset to Auc asset, the depreciation will be reversed in the corresponding month for the four months which have been posted.

Regards,

Raj

Answers (1)

Answers (1)

madhusoodanan_ramachandra
Active Contributor
0 Kudos

Hi,

1) Reverse the settltment

2) Change the depreciation key to 0000 and execute depreciation run. It will reverse all the previous postings.

3) Settle again to Main asset

Best Regards,

Madhu