I need to add an asset that wasn't added last year. I've read another blog where it said I wouldn't have to open up the year or anything, just add it, but that I wouldn't be able to depreciate it to a day that falls in last year. That's fine, I want to depreciate it to the current year, but I need the depreciation amounts for last year to hit the GL for last year (which is open). I'm assuming if it's depreciated it'll show up for last year on the asset books schedule and will catch it up on the GL in the month depreciated to. If that's correct, my thinking is just to make a journal entry and accrue the correct amounts back to the proper months in 2015. Is that the best method? Will that work?
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