Intracompany asset transfers-issue with depreciation already posted.

Hi,

We are doing mass intracompany asset transfers(transfers within company code). The old assets have "7777" as the cost center and whereas the new assets have "1111" as the cost center.

The effective date of asset transfer is 1.1.2008. Already the depreciation for the old assets have been posted for the 2 months(Jan & Feb).

The issue is whether if we can reverse the deprecation entries for the last two months which was charged to old cost center 7777 as the new assets have effective/capitalisation date is 1.1.2008.If so, what is the procedure and what should be the point of time we shall carry this.

Please advise.

Thanks

Aravind