Posting Journal Entries for Asset Splits
When you accept the asset split transaction, the system creates posted asset split journal entries to the table F0902.
When you click Cancel, the system submits the batch for posting to the table F1202. When you split an asset, the journal entries for the split post to the same cost and accumulated depreciation accounts as the original asset. The system calls a separate version of the Post program that posts journal entries with the document type AS (Asset Split).
When you split an asset that existed in a prior year, the system creates journal entries on the last day of the prior year with a document type AS. For example, suppose the company's calendar fiscal date pattern runs from January 1, 2010 through December 31, 2010. When you split an asset in fiscal year 2011 that existed in the prior year, the journal entries created use December 31, 2010 as the GL date, regardless of the period in the fiscal year 2011 when the asset was split. The journal entries are marked as posted in the table F0911 since they are from the same account, and do not affect the balance of that account. Therefore, journal entries created from an asset split do not affect balance sheets or income statements that might have already been issued for the prior year.
The system uses the prior year GL date of December 31, 2010 so that beginning balances are updated correctly. Beginning balances are used by the Compute Depreciation program (R12855) to accurately calculate depreciation for the asset split as well as the original asset. The Work with Asset Ledger Inquiry (W12211A) form also uses the beginning balance fields to accurately reflect the Inception-to-Date and Year-To-Date balances.
For assets that are added and then split in the current year, the GL date for period that the split takes place is used.