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Fixed Asset _ Asset Transfer (Mergers/Demergers

in Ask A Guru 4 comments

We are a project-based company in the minerals sector with diversified business interests, currently migrating from a legacy ERP to Oracle NetSuite. While NetSuite was recommended by our ERP consultants after requirement analysis, we are now being advised that multiple requirements may need customization.

I am looking for expert clarification from the NetSuite community on some Fundamental standard capabilities of NetSuite to help us make informed decisions

📢 1.4] Does the system support transfer or takeover of assets in restructuring scenarios (e.g., mergers/demergers) :

  • Transfer at original cost, along with accumulated depreciation
  • Continue depreciation in the transferee entity in the case of a merger, and discontinue it in the transferor company
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