Asset reports based on Cost centre

Hi,

I have an asset say 12345 on C.C. say XXXX. Now I am assigning a new C.C. say ABCD from 01/01/2016 under the time dependent tab of asset master data.

When I am running the AR01 report on C.C. ABCD for the report date 31/03/2016, I am getting to see the asset 12345 but when I see the C.C. on the report output it is still displaying the old C.C. i.e. XXXX. I was expecting C.C. ABCD here.

Regards,

SP