While the asset is terminated at the end of lease period, Accumulated depreciation is not reversed, Due to this an adjustment entry has to be passed to net off the accumulated depreciation account.
When the asset is terminated at the end of lease period, the accumulated depreciation value left in the account is not being reversed. And the value is being carry word to every year.
Hence user is manually posting an adjustment entry to Knock off the value present under the accumulated ...
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