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author's profile photo Former Member
Former Member

Interco asset transfer with 1 mth dep to post back to source comp

Hi,

I'm sorry if this has been posted before, but I couldn't find a thread that relates to our situation.

We did an interco asset transfer from company A to B on mid Sep 2010, the asset is thus retired in company A.

Planned depreciation (Sep 2010) is then run for both company A and B, with the following result:

- Company A: no depreciation

- Company B: $20 depreciation

Now (Nov 2011), it is found that the $20 depreciation in company B should have been posted in company A. How can we achieve thru FI-AA, whereby the accum and ord depreciation in both company A and B will be adjusted for this $20 accordingly?

Regards

Gabriel

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 09, 2011 at 12:35 PM

    Oh

    See wat u can do is that..

    U can run the unplanned depreciation posting for the first company and then Write up for the second company

    Regards,

    Amit Shinde

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