Intercompany asset transfer within the same asset corporate book

Summary

Intercompany asset transfer within the same asset corporate book

Content

Hi,

During a demerge of companies, I need to transfer company assets from one legal entity to a new legal entity.

On the Assets - Transfer workbench, I am able to re-assign the depreciation account. Will that actually transfer the asset to the new LE or only its depreciation cost accounting? 

In summary, what are the intercompany balancing and FA setup which needs to be in place for LE1 to LE2 transfer of assets within the same asset corporate book.

Thanks!

Olga  

Version

21D