My client wrongly created plant & machinery asset under building asset class in 2015 (both having separate dep keys).
Auditors said to transfer assets from building to plant & machinery asset class (because both the asset life is different).
but user posted values building recon a/c to plant & machinery recon a/c in 2015 by removing recon a/c in OAMK ( but no impact on assets) he is not used standard asset transactions.
Now for those assets 100% depreciation is over
Now my client is asking why asset reports and GL reports not matching (i gave above reason) and they are asked to correct.
i tried to transfer assets from building to plant & machinery in ABUMN.
I am getting error zero value asset transfer is not possible.
(client is agreed to reverse entry which they posted in 2015 but how to transfer values from 1 asset to other asset, already which asset values are ZERO) 100% dep is over.
thanks, in advance.
You can transfer asset with current book value zero can be done using transaction ABUMN (Transfer within Company Code).
Asset with current book value 0.
Transfer asset using transaction ABUMN to new asset.
Posting from asset transfer
As you've mentioned, it's important to reverse the posting made directly on reconciliation accounts in same period as the asset transfer.