How to Transfer Assets between Departments

Hi,
Will SAP System allow the creation of the corresponding accounting entries for the Transfers of Fixed Assets between departments.
How to transfer the between departments,please give me the proceedure.
Thanks
Sap Guru

Hi,
Here is how you have to handle transfers between two departments that belong to the same company code. You have 2 scenarios here : a) both the departments belong to the same profit center and ofcourse different cost centers 2) both belong to different profit centers and different cost centers.
1st scenario : Since they both belong to the same profit center, all you have to do is include a new cost center in the new validity period in the asset master data. SAP will automatically post the depreciation in the new cost center w.e.f the new validity period.
2nd scenario : This is a Intra-company transfer ABUMN. You have to create a new asset (assuming you dont have one already created) for the new cost center and transfer from the old to the new. This will post the relevant Profit center entries automatically. Make sure you review the transfer variant which is usually 4.
Thanks
Jagdish

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