Reverse Depreciation Entries

This unit outlines how to reverse depreciation for assets. Reversing depreciation is necessary when corrections are required for previously applied depreciation entries. The steps are as follows:

1. Navigate to Assets > Assets > Reverse Depreciation.
2. Choose the asset for which depreciation needs to be reversed.
3. Select the specific depreciation entries to reverse.
4. Review the selected entries.
5. Click ‘Reverse’ to finalise the reversal process.

For more detailed instructions, please refer to the Assets > Assets > Reverse Depreciation article.