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May 26, 2016 at 10:37 AM

Expired useful life after inter-company transfer of assets

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Hello experts,

I am performing inter-company transfer of assets as on 01.05.2016 i.e. during the year. All the fields viz. capitalization date, ord. dep start date, useful life, expired useful life etc. are copied from the original asset. However I am facing below issue due to expired useful life,

Example:-

Asset XXXXXXX

Ord dep start date - 01.07.2014

Useful life - 5 years i.e. 60 months

Hence expired useful life as on 01.05.2016 should be 6+12+4 i.e. 22 months. However expired useful life in the original asset is only 18 months. It does not consider the 4 months of this year!! In sending company code, asset is already depreciated for 4 months of this year.

When we transfer the asset, since 4 months of current year are not considered in expired useful life, system posts depreciation for these 4 months again in the receiving company code which is incorrect.

Has anyone faced this issue earlier and what is the solution for this?

Would appreciate your response.

Kind Regards

Aman Goel