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Use the Transfer tab of the asset module's Asset Detail dialog to transfer an asset to a different activity or to one of four associations within the same activity. Eligible associations include: cost center, department, division, and location.
Access the Transfer tab by clicking the Add or Modify button in the Asset List window, and then clicking the Transfer tab in the Asset Detail dialog.
Note: Disposed and current-year assets cannot be transferred. If the asset being added or modified has been disposed or was placed in service in the current year, the fields in this tab are not available.
Special information
Transferring one asset or a portion of an asset
Transferring multiple assets simultaneously
Fields & buttons
Transfer-Out group box
Enter the date the asset was transferred to another activity or to a different association within the same activity.
Select either Activity or an association from the drop-down list. Assets can be transferred to a different activity or to one of four associations within the same activity. Eligible associations include: cost center, department, division, and location.
Notes
- If an asset is transferred to a different activity, a new asset will be created in the destination activity.
- If an asset is transferred to a different association, a new asset, with the new association, will be created in the current activity.
This field displays the name of the activity or association for the current asset. The entry in this field depends on the selection in the Type of transfer field.
Select the activity or association to which you want to transfer the current asset. The options available in the drop-down list depend on the selection in the Type of transfer field.
New asset information group box
This field displays the new asset number once the transfer is complete.
Select a treatment from the drop-down list to view the cost/basis and total depreciation for the new asset.
This field displays the amount entered in the Cost/Basis field in the Depreciation tab for the selected treatment.
This field displays the amount entered in the Prior Depreciation field in the Depreciation tab for the selected treatment.
Transfer-In group box
This field displays the date the current asset was transferred.
This field displays the type of transfer that took place for the current asset.
Note: Assets can be transferred to a different activity or to one of four associations within the same activity. Eligible associations include: cost center, department, division, and location.
This field displays the name of the activity or association from which the asset was transferred.
This field displays the name of the activity or association to which the asset was transferred.
Original asset information group box
This field displays the asset number of the original asset.
Select a treatment from the drop-down list to view the cost/basis and total depreciation for the original asset.
This field displays the amount entered in the Cost/Basis field in the Depreciation tab for the selected treatment.
This field displays the amount entered in the Prior Depreciation field in the Depreciation tab for the selected treatment.