Asset Transfer Gross method

[Former Member]

Hi All

We are using Gross Method. When we transfer a particular Asset from One company code to another. The Receiving company code is again      calculating and planning the depreciation which is already posted in the sending company code. Is this the standard process ??

Thanks

[former_member351125]

I think you are transferring assets which acquired on the current year. Your depreciation key should base on the net book value and you should update your ordinary depreciation start date to the date of the transfer.

If you want to maintain the old set-up of the sender asset (e.g ordinary depreciation start date), you need to retire the sender asset and post acquisition on the receiving asset (If this is a transfer between assets acquire on the current year).

Thanks!

Jhero