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Re: Extending useful life after asset is fully depreciated in a previous closed year

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Salaam Raed

 

Just changing the Useful life wont work. First you will have to bring some value back into the asset. Unless there is value to be depreciated, no depreciation will happen

 

Did the auditor recommend you any revaluated amount per asset?

 

  - If yes, do ABAWN

 

  - If not, do ABZU (Asset Write Up)

 

Once Value is back in the asset, change the Useful Life, and then AFAB

 

It should work

 

Ajay M


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