Upon year-end review, we've noticed that we have a fixed asset on our books that needs to be retired this month as it's no longer in use. The issue is that we've already ran and posted depreciation for the month (have not closed the FA module or GP for 2015 yet). The asset still has a NBV as well. My initial thought is that we can just retire the fixed asset as of 12/31/15, run depreciation for the one asset, then do the fixed asset general ledger posting process. My worry is that the FA GL posting process will repost depreciation for ALL assets instead of the one that I would have just retired. I'm not totally familiar with how the FA GL Posting process works. Also, do we need to undo depreciation for December and then retire the asset or can we just retire, then re-run depreciation on that asset, then post to GL? What's the best way to go about this? Thanks, Nick
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