Asset Query

[anjan123]

Hi Folks,

We have following Scenario,

as of 31-dec-2008 we uploaded assets for Company "X" , from 01-jan-2009 onwards we will use to enter transactions .

mid of jan-09 company "X" divided in to 2 parts i.e "X" and "Y" so some of the assets need to transfer in to the "Y".

we created "Y" balancing segement value as well.

how we can map in Assets this scenario.


Ex:- Asset cost is as per upload "3750" life of asset is 4 yrs. placed in service is 04-jan-08, Depreciation methiod is "STL".

Ytd Depreciation : 78.13
Accumulated Dep: 781.26.


how we can resolve this issue.


Regards
Anjan

[vanisri_mayya]

Hi Anjan,

According to my knowledge, there is no option of transferring from one book to other in fixed assets. You should retire it in one book and enter it in other book.

Regards,
Vanisri

[hiszaki]

Hi Anjan

Add the asset in the new company "Y" with all details but in the Accumulated field enter the value after you calculate the asset Depreciation from the company "X".

For company "X", you can make retirement for this asset without any extra fees.

Hope I can help you
Thanks
Hisham