Dear experts, we have a problem with a transfer that was done from one asset (in a different class with different useful life) to another. It was a partial transfer and brought some accumulated depreciation with it. But when the new asset depreciation was calculated, it didn't take this transfer of 1,625.02 into consideration and adjusted the current year depreciation to be posted. The total should just be 34,242 (1,438,172 / 7 yrs straight line for just 2 periods in 2015). So I would expect only 32,617 to be booked since 1,625 was already booked on the other asset.
Can anyone explain if my thought process is wrong, or if we posted this transfer incorrectly?
Thanks for your help!
Julie
