Asset Class Transfer

[Former Member]

Hello Experts!

I've been transferring fixed asset into another asset class. I've been adding the document and I encounter this error: Cannot transfer to target asset class; asset has depreciation. Kindly see attached screenshot. Does anyone know why?

[Former Member · Accepted solution]

Hi,

Go to Master Data of this asset, update "Depreciation Type" to "No Depreciation" and do asset class transfer again.

Hope this helps,

TVSon

[former_member196081]

Have you capitalize this asset?

if yes then on what date you did it capitalize ?

as per screen shot you are trying to transfer this asset @ 28/1/14.

try to transfer asset @ capitalize date.

Thanks