Transferring Asset Books

You can transfer an asset after it has been capitalized and before it has been disposed of. For each transfer, you indicate the date on which the transfer must take effect. If this date is in a prior period, LN must reverse any depreciation that occurred from that period until the present.

During a transfer, LN transfers all of the books associated with the selected asset. If you do not need all the books, you can dispose of them. In addition, LN must create any books that are not associated with the source asset but are required in the Default Book (tffam0110m000) session for the destination asset. LN uses the destination category, and the parameters to populate these new books with the necessary values.