Transferring Assets: An Overview

You can transfer assets within an organization or between one organization and another. When you perform either type of transfer, the system automatically calculates depreciation through the transfer date. Therefore, you do not need to update current depreciation before transferring the asset.

There are four ways to handle the transfer of an asset, for either a transfer within an organization or a transfer to another organization:

• You can perform a standard whole asset transfer, which inactivates the original asset.
• You can transfer a whole asset and treat the transferred portion as both a transfer and a disposal.
• You can partially transfer an asset.
• You can partially transfer an asset and treat the transferred portion as both a transfer and a disposal.