Asset Transfer - problems with incorrect depreciation values/period
I'm trying to do an asset transfer between two company codes with transaction ABT1N using the gross method.
My problem is that when the asset is transferred the number of depreciation periods restart in the receiving company but with the net value from the sending company.
Aquired: january 2005
Value: 10 000 $
Depreciation time: 5 year x 12 months = 60 periods
Transfer to company 1200 on july 2007...
Depreciation in 1100 so far = 5 000 $
Net value to be transferred to CoCode 1200: 5 000 $
Here comes the problem, when I look at the depreciation time in company 1200 after the transfer, I see that the system now wants to depreciate the net value of 5 000 $ on another 60 periods period. This means that the asset will have a lifetime of 7,5 years in total instead of 5 years.
What I want to do is that after the transfer the depreciation should only by the the number of periods that is left from the original depreciation start in company 1100. This means that after the transfer there should only be 30 depreciation periods left in company 1200 on the transferred asset.
Thanks for response! I will add a lot of points to thoose that provides me with solution solving info.
Vishal Thakur replied
This is where you can influence the fileds to be transfered in the transfer variant [1-Gross in your case].
>Transactions>Intercompany Asset Transfers >Automatic Intercompany Asset Transfers>Define Transfer Variants-->Specify Transfer of Fields (for New Asset in Target CoCd)
Select the variant 1-Gross method and then click on the Depreciation area on the left bar. The system will display the all the Depreciation area for the Chart of Depr in question. Here for each depreciation area you can dictate what values from the old asset need to be trf to the new asset.
In your case, the system is not transfering the remaining useful life. Precisely you need to transfer the field group 19-Expired useful life and 20-Expired life in periods.
That should do the needful for you.
Have a nice day.