Related topics

Transferring Assets: An Overview

Types of Transfers

Transferring a Whole Asset

Partially Transferring an Asset

You can partially transfer an asset. You can also partially transfer an asset and treat the transferred portion as both a transfer and a disposal.

To partially transfer an asset
  1. Do one of the following:
  • In the Asset List, select the asset you want to transfer.
  • Display the asset you want to transfer in Asset Detail.
  1. Do one of the following:

  • Select Asset/Transfer from the menu bar.

  • Select the Transfer an Asset task on the navigation pane.

The Asset Transfer window appears.

  1. Complete the Asset Transfer window, making sure to specify Yes in the Partial Transfer field. The system displays the Partial Transfer Book and Partial Transfer Amount fields.
  2. Complete the rest of the Asset Transfer window.

If you want to treat the transferred portion of the asset as a disposal, you must specify Yes in the Disposal field. Doing so causes the system to display the Transfer as a Disposal window. Complete the window, then select OK to return to the Asset Transfer window. After you return to the Asset Transfer window, the Disposal field is set to Yes. If you need to edit the Asset Disposal window, go back to the Disposal field and select the Edit option that is now available.

If you want to change any of the general information fields in the new asset, you can do so during the transfer process. Specify Yes in the Edit General Info field. The system displays the Edit General Information window.

The system calculates depreciation for the transferred asset and displays the new figures in the appropriate fields.

  1. Select OK to save the transfer information and close the Asset Transfer window.

A message confirms the transfer and asks if you want to view the transfer information on the Transactions tab.

  1. Select Yes to view the transfer information on the Transactions tab; otherwise, select No.