Fixed Assets - EBS (MOSC)

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Process to Transfer a Leased Asset to Owned

edited Sep 25, 2013 8:51AM in Fixed Assets - EBS (MOSC) 4 commentsAnswered
Hi,

One of our clients has Assets, some of which are Owned and fee of them are Leased. We have setup separate Categories for Owned and Leased Assets.

I would like to know what is the process of transferring an Asset which is setup as 'Leased' to 'Owned'.

What will be the impact on the Accumulated Depreciation, Depreciation Method, Life and Cost of Asset.

What will be the Accounting Entries when 'Transfer to GL Process' is run.

Appreciate your early response

Thanks

Regards

Nauzer

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