Asset Disposal prior year not reflected on Balance Sheet - Corrective action

[color=red][/color]Hi,

If an item on the balance sheet was disposed of in a previous year and had not been removed from the balance sheet would you restate the prior year accounts on this basis or just show the disposal in year and add a note to the accounts. Would you speak to the auditors prior to this aswell. Has anybody had this previously and if so how did you address it. Any advice welcome.