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Issue In Asset Transfer

Posted on Jan 21, 2008 at 03:34 PM 7 Views

Hi

I have an issue in Asset. I have created an asset in a wrong asset class by mistake. Now I want to transfer the asset value to an asset created in the right asset class. But when I am doing this, the system is transferring the proptionate depreciation calculated to the new asset. Pls suggest

KM

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    author's profile photo Former Member
    Former Member
    Posted on Jan 21, 2008 at 03:42 PM
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    Hi

    It seems that the depreciation key has been configured to calculate the depreciation from the depreciation start key mainatained in the depreciation area. Hence, when you do the asset transfer, the system would post a pro rata depreciation from the depreciation start date to the date of transfer and transfer the same to the new asset. Howver, you can avoid that by changing the depreciation start date to the date of transfer. In such a case, no pro rata depreciation would not be calculated and transferred to the new asset.

    Assign points if the information is useful to you

    Regards

    Sanil Bhandari

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