How can I change the cost account for an asset?

Hello,

We need to change the cost account for an asset. We are in the middle of the year and there are transactions with and without sub-ledgers booked to the asset.

If we do it through asset transfer, we are taking the risk to run into issues with the depreciation calculations as we will be doing it before the year end on, an asset that has sub-ledger entries.

On the other hand, the cost will be transferred with a Journal Entry as the old account was in the accumulated depreciation range and this is why we are transferring the asset to a new cost account. In this case, the asset transfer will not work for moving the amounts, just to change the account.