Hello there, Can someone please help me with this?
I have a fixed asset X that has been bought by my company (full amount) through purchase invoice on 01/01/15. Today I want to split the acquisition cost 60/40 with a subsidiary (Intercompany Account). No depreciation has been calculated yet and i want to calculate depreciation for the percentage that my company owns only.
Appreciate any ideas on how to do it please?
Hi Nikolas,
Have you tried using the FA reclassification journal ?
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Departments/Financial Management/Fixed Assets — FA reclass. Journal Regards, Hasitha Jayasuriya Verify the solution that helped you !!! |
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Thanks for the reply Hasitha,
This is what i have done.
a) Create a New Fixed Asset card Y,
b) Post 40**%** of assets value X to asset Y by using an FA reclassification journal.
· Financial Management – Fixed Assets – FA Reclass. Journal
c) Go to FA G/L Journals – Asset Depreciation Journal, check the lines created and post.
d) Then normally sell asset Y using Fixed Asset sales Invoice line type.
Everything fine now Nikolas ?
Yes it work good now.
Many thanks for the help.