Accounting entries for Mid year Asset Conversions in a live company code
There is asset conversion for a live company code.
I just wanted to know, how the accountings entries should be posted(through OASV/FB01(after OAMK settings))
Say the APC value is 3400 . The useful life is 5 years. Dpereciation (previous year(453.35)+current year(340)) is 793.35 .
In current year depreciation is posted for 6 months.
I just wanted to know, how the journal entry should be posted.
Is it as below?
Asset Recon account debit 3400
Accumulated depreciation account credit 793.35
Asset load account credit 2606.65
Also please let me know, if we need to split current year and previous year values while posting the journal entry ?