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Intracompany asset transfers-issue with depreciation already posted.

Former Member
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We are doing mass intracompany asset transfers(transfers within company code). The old assets have "7777" as the cost center and whereas the new assets have "1111" as the cost center.

The effective date of asset transfer is 1.1.2008. Already the depreciation for the old assets have been posted for the 2 months(Jan & Feb).

The issue is whether if we can reverse the deprecation entries for the last two months which was charged to old cost center 7777 as the new assets have effective/capitalisation date is 1.1.2008.If so, what is the procedure and what should be the point of time we shall carry this.

Please advise.



Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Hi Aravind,

The easiest thing to do would be to transfer the assets using a 01/01/08 asset value date. Once you run depreciation for March, the Jan. & Feb. depreciation will be reversed out of the old cost center and posted to the new one in March.

If the reversing entries have to be done in Jan. & Feb., you will certainly have to re-open these two months for posting using T code OB52.

There are a couple of ways you can achieve what you are looking for once the months have been re-opened. Test to see if posting the transfer in January will let you re-run depreciation for Jan. & Feb. If not, you will have to make manual journal entries for each month and manually update the cost centers for each asset using T code AS02 (Note: For updating a large amount of assets, create a mass change work list using T code AR01).



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