Hello gurus,
I am stuck up with one requirement. My requirement is an asset was brought/ commisioned in last year say 20th March 13. In previous year books the same assets was not capitalise due to any reason (by misatake). Now in current year ( say in april ) this asset to be capitalise and the depreciation is to be charged from previous year i.e. 20th March 13 and to be posted in current year. asset value date should be 20th march 13, as the depreciaiton and capitalisation is in previous year.
I have checked with prior period trasnactions but system is not allowing asset value date in previous year.
I know the post capitalisation can resolve the issue, but this is first aquisition.
Kindly provide your input.
Regards
Pankaj