Two transactions must record any internal sale that does not meet the criteria for the Fixed Asset Sale transaction.
The first transaction in this task is created by the selling (or transfer out) entity – Fixed Asset Disposition (FD).
Create an instance of the Fixed Asset Disposition.
On the Header:
Enter or select the Fixed Asset Number on the Header you are transferring and take the Auto Apply action.
Choose Event Type FA09.
If a composite asset
If Depreciation Structure is Manual, enter the amount of depreciation since the Last Depreciation Date into the Depreciation Amount.
Enter the Selling Price and other disposition details as necessary.
Navigate to the Component tab and enter the following, if the asset is not a composite asset:
If Depreciation Structure is Manual, enter the amount of depreciation since the Last Depreciation Date into the Depreciation Amount.
Populate Selling Price and other disposition details as necessary
Validate the completed Fixed Asset Disposition.
If errors exist, fix the errors and repeat Step 3. If no errors exist, then continue with Step 5.
Submit the transaction.
The second transaction in this task is created by the buying (or transfer in) entity – Fixed Asset Acquisition (FA).
Open the Fixed Asset Disposition created by the seller and copy it forward into a Fixed Asset Acquisition.
On the Header:
Enter or generate the Fixed Asset Number on the header.
Choose Event Type FA27.
From this point this task is the same as the Record Contributed Asset task.