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depreciation error

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April 22, 2011 10:08AM
I sold a piece of equipment 4/20/11 and recorded the sale as a deposit. When I closed out the year 2010 latter this transaction showed as a gain in revenue($1966.77) as of 1/1/11 and the accumulated depreciation was reduced by a like amount on 1/1/11. The transaction shows that it was made by depreciation and this amount is showing as current years (2011) depreciation on the drepreciation schdule. I deleted the original sales transaction and the problem did not change. What caused this and how can I correct it? My year ending totals (12/31/10) appear to be correct and the equity accounts are correct as of 1/1/11.

Dick
SubjectAuthorPosted

depreciation error

MonteithFarmsApril 22, 2011 10:08AM

Re: depreciation error

KathyClineApril 22, 2011 11:25AM

Re: depreciation error

MonteithFarmsApril 25, 2011 05:21PM

Re: depreciation error

KathyClineApril 26, 2011 04:38PM



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