Hi all,
I'm hoping that someone may have come accross a similar issue. Please find attached an extract of my fixed asset register. It is quite large due to reporting in UK and US GAAP. The problem I am faced with is we have an asset that was put into storage last year, and it has now gone back into production. The asset is not going to be impaired and the remaining life is not going to alter. Depreciation was frozen when the asset was placed in storage and should start again from now (Depriciation charge will be higher per month due to the freeze). How can I start depreciating the asset again, without the spreadsheet charging me the depreciation for the hiatus. I am trying to keep the register as neat as possible so I dont want to add another line for the same asset.
Any help would be greatly appreciated.
R's
Om
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