The management decided to change depr rate for some assets which purchased from FY2002 onwards. They want to adjust them in FY2004. FY2002 and FY2003 have been closed and should not have amendment.

For FY2004, they can recalculate the depreciation again from period 1 with new depr rate. In GLD, the total differences for FY2002 and FY2003 depr will be adjusted by journal entries in FY2004.

How to make adjustment in FY2004 so that Cumulative Depr from GLD is the same in fixed asset module ?

What is the date of first use of these assets?
If the date of first use for these assets is from FY2002, then just by changing the depreciation rate and processing of depreciation, depreciation adjustment figures will be generated for FY2002 & FY2003, which will be posted in GL in FY2004.

Regards,
P Ravindra