Asset Tracking and Inventory

I'm looking for some basic help on Install Base and Asset Tracking. I've read all the documentation and have been testing the various transactions but I'm not clear on how the application works in a couple of areas. We have set up Install Base and Asset Tracker on 12.1.3 and we are not using Projects. All the items are set to being Depreciable as the Finance team wants depreciation to start as soon as the items are received into Inventory.

We receive the inventory into a central warehouse and then distribute to the end use warehouses and locations, which may be in different legal entities, using internal requisitions and internal Sales Orders. When I receive the inventory into the central warehouse the asset is created in the asset book of the receiving legal entity. When it is shipped and received into a different legal entity should I expect the asset to be retired from the original asset book and created as a new asset in the new legal entity asset book by the concurrent programs Create Assets: Interface Inventory Transactions