This chapter contains these topics:
To split an asset into one or more new assets
To transfer an asset from one account to another account
To globally change category codes using the asset transfer program
To dispose of assets
You can use the Fixed Assets system to record asset splits, transfers, and disposals in your accounting ledgers. When you indicate what assets you want to affect by a split, transfer, or disposal, the system automatically creates the necessary journal entries.
In addition, by using subledger functionality you can transfer or dispose of asset costs from a single subledger if necessary.
After the system creates the fixed asset journal entries, you must post the entries to the Account Ledger (F0911) and the Item Balances (F1202) tables.
Creating fixed asset journal entries includes the following tasks:
Splitting fixed assets
Transferring fixed assets
Disposing of fixed assets