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Question

Fixed asset fully Depreciated


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Hi,

We have an asset that is fully depreciated and the last depreciation was done in 2019. We want to remove the salvage value and depreciate the remaining amount once we remove the salvage value. What I have done so far that work is change the estimate life, removed the salvage value. I found the only was to remove to the check box of fully depreciated is to do a net value change ( I just put in .01) then i was able to run depreciation on this asset. Is there another way of doing this? Any help would be great.

Cheers

Maggie

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