Fixed Assets - EBS (MOSC)

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Accounting Impact for Asset Transfer for capitalized Asset

edited Jul 27, 2020 5:00AM in Fixed Assets - EBS (MOSC) 5 commentsAnswered

Hi Experts

We have Issue for Asset# 135442 where the Asset has the Issue for Transfer (Transaction Type)

1. Asset no# 135442 has been capitalized in Period Effective Jul-19 & Entered Aug-2019 & capitalized

2. Asset expense account has been transferred to new expense account in Oct-2019

Question:

Since the Asset was capitalized in Aug-2019 & was later transfer done in Oct-2019

Can you please provide Accounting Impact of accounting Old expense account (10.101.90201.630299.000000.000000.000000.000000.000000)

with New Expense Account (10.101.90201.630202.000000.000000.000000.000000.000000)

3. How to verify the depreciation balance for this given Asset in Particular before & after transfer both for Old & New Accounts.

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