Hi Experts,
I am a bit confused in regards of handling Depreciation expense posting during initial balance upload during the fiscal year. I know that if balances are of the last day of fiscal year then we don't have to worry about depreciation expense as its already gets settled in accumulated depreciation. But when we talk about initial balances upload during the year we have depreciation expense at our hand as well.I am unable to understand what financial transaction is posted in OASV for current year acquisitions and how depreciation expense is posted. Is it posted separately through F-02 by debiting Depreciation expense and crediting initial balance upload account? because we do have to post this with reference of cost center. i have also attached an example for clarification of my query. Can any one please help me out here.
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