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Reply from Dmtrs on Dec 21 at 4:13 PM "The estimate of service life duration was too short, and should have been lengthened before book value hit zero".
What are the accounting entries that need to be passed to lengthen the service life duration?
| | | ---------------Original Message---------------
From: Patrick NAMBORE
Sent: Monday, January 31, 2011 6:26 PM
Subject: Fully Depreciated Assets
We at Telikom PNG Limited are also using SAP to account for our fixed assets. What is the best practice to deal with the zero book value assets or fully depreciated assets. We understand that we have to dispose/scrap the assets, however we have some assets which are fully depreciated and are not physically available. Please advise accordingly. |
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