The steps below will walk you through the reversal of a depreciation post for a particular asset in a bulk post.
To reverse a depreciation post for a single asset that was part of a bulk post, navigate to the asset details by clicking on the asset number in the fixed asset listing.
Click the Edit button in the upper right corner of the screen and make sure you are on the Depreciation Information tab. You now have an Actions column on the far right.
Choose the depreciation posting you want to reverse and select "Reverse Post" in the Actions column as shown here.
You will be prompted to decide what date you want the reversal to post. Click Proceed if you are ready to reverse the entry. NOTE: If the asset is in a different currency than the entity's base currency, you'll want the reversal to occur on the same day as the original post to make sure that there is no exchange rate gain/loss.
The posting data should have disappeared from the line item that you chose to reverse.
Click the save button and your screen refreshes. It now appears as though no depreciation entry was ever posted. You should also see a yellow information bar at the top of the screen that confirms you have updated the asset.
The reversal journal entry will appear in the fixed assets journal. An indication that an asset's depreciation has been reversed out of the bulk post will appear in the posted depreciation information for that period's bulk post as shown below.
