Transfer Report: Report Columns
These standard columns appear on the report and need no explanation:
Transfer From
Transfer To
System Number
Extension
Transfer By
The following guidelines provide detail on the nonstandard columns that appear on the report.
| Column | Notes |
|---|---|
| Transfer Date | This is the effective date for prorating depreciation. |
| Acquired Value Transferred Out | This is the acquired value being transferred out of a company. The system always lists this number on the top row of the transaction. |
| Prior Accumulated Depreciation Transferred Out | This is the prior accumulated depreciation being transferred out of a company. The system always lists this number on the top row of the transaction. |
| Current Accumulated Depreciation Transferred Out | This is the current accumulated depreciation being transferred out of a company. The system always lists this number on the top row of the transaction. |
| Acquired Value Transferred In | This is the acquired value being transferred into a company. The system always lists this number on the bottom row of the transaction. |
| Prior Accumulated Depreciation Transferred In | This is the prior accumulated depreciation being transferred into a company. The system always lists this number on the bottom row of the transaction. |
| Current Accumulated Depreciation Transferred In | This is the current accumulated depreciation being transferred into a company. The system always lists this number on the bottom row of the transaction. |
| Partial Transfer (PT) | This column indicates whether you partially transferred the asset. |
| Disposal (D) | This column indicates whether the asset is considered a disposal. The system displays a Y (for Yes) if the asset is considered a disposal. The system displays an N (for No) if the asset is not considered a disposal. |
The following columns on the report include the 168 Allowance and Section 179 expense, when applicable to the depreciation method, if you selected Yes in the Include Section 168 Allowance and Section 179 in Expense field in the Edit Company window and the transfer occurs after the placed-in-service year:
- Prior Accumulated Depreciation Transferred Out
- Current Accumulated Depreciation Transferred Out
- Prior Accumulated Depreciation Transferred In
- Current Accumulated Depreciation Transferred In
The Calculation Assumptions section on the last page of the report indicates whether you selected Yes or No in the Edit Company window.