Hi, Yes that is correct. Depreciation was posted till September 29 and the next two periods are ending on 10/27/18 and on 12/1/18. Asset's net book value was $341.28 and I sold it on 6th December 2018. Convention method is none. I am fine with the $17.28 as system posted depreciation adjustment. My question is system Debit the Accumulated depreciation amount for one transaction ($7.93) but for other transaction of ($9.35) it posted accumulated depreciation account as credit although both transactions are same of a kind, I assume that it should also go as Debit amount as system reverse the entry when we sell asset. Is that a system bug? Best Regards, Naif
↧