Cancel an Impairment for a Single Entity

In the Cancel Cost Basis Adjustment panel, you can cancel an impairment or a cost adjustment processed for a single entity. You process impairments for a single entity when you process an impairment at the lot level or when you process an impairment at the position level for a single entity. If you enter an impairment or cost adjustment incorrectly, you can use this option, rather than the Book Impairment Adjustment panel, to adjust values up or down.

To cancel an impairment for a single entity:

1. In Accounting Center, in the left navigation pane, click Transactions > Adjustments > Cost Adjustments > Cancel Cost Basis Adjustment.
   You see the Cancel Cost Basis Adjustment panel.

2. Complete the options on the Cancel Cost Basis Adjustment panel.

3. Click Submit.
   The system cancels the selected impairment and brings the amortized cost of all open lots affected by the impairment to the amortized cost prior to processing the impairment transaction.