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Jan 18, 2011 at 07:24 AM

Is it possible to transfer the cost value of an asset

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Hi Gurus,

Can anyone help to solve this.

I have 2 assets (Land and Buildings) that was incorrectly capitalized and depreciated in one asset. Depreciation has already posted for 39 months. Now the requirements are,

1) Transfer the Land(Asset1) to new asset class with it's original cost(should not deduct the depreciation).

2) Transfer Buildings to new asset class with it's NBV (after depreciation).

It would be of great help if you look into this problem.

Regards

Shanu