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Re: Asset Transfer Gross method

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I think you are transferring assets which acquired on the current year. Your depreciation key should base on the net book value and you should update your ordinary depreciation start date to the date of the transfer.

 

If you want to maintain the old set-up of the sender asset (e.g ordinary depreciation start date), you need to retire the sender asset and post acquisition on the receiving asset (If this is a transfer between assets acquire on the current year).

 

Thanks!

Jhero


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