Part transfer of an asset

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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aganguly
Posts: 60
Joined: Fri May 18, 2007 9:41 am
Location: India

Part transfer of an asset

Post by aganguly »

I would like to know how to transfer a part of the asset in a different unit from the exising unit where all the units are in the same book.

For example

The current cost of an asset is Rs. 50,000. I want to transfer a Part of the asset where the value is Rs. 20,000 to a different unit.

The asset had been entered into the system as a single unit.

Pls. advise.

Thanks in advance.

Amitava
tgs100
Posts: 624
Joined: Tue Jun 13, 2006 3:42 am
Location: USA
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Post by tgs100 »

in my opinion, you should only change the current cost of of assets in both the assets (Increase the amount in one asset and decrease it in another asset) as there is no change in quantity.

System will keep track of these adjustments.

Cheers,
Saravanan
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