How to Roll back depreciation and edit depreciation

1. Navigate to Accounting Module >> Accounting >> Assets 

2. Generate the asset here and input all the necessary details ad click compute depreciation. 



3. Upon reaching the depreciation section, you will be able to observe that depreciation has been computed. Now click confirm.

 

4. Tap " Modify depreciation" 

 
5. Click on dispose and confirm on  Dispose

(We need to update the depreciation period here. Since there isn't an option to modify the period in V16 we are disposing the asset and we create a new asset with the same value )



6. Afterward, click on the 'Cancel Entry.



7. If we go back to the asset, we should be able to see the book value




8. Generate a new asset with the book value of the previous asset. Enter all the details here, and then click 'Compute Depreciation



9. On depreciation board, we could find the computed depreciation and click Confirm. 
 

  

This is how we will be modifying the depreciation period in Odoo