Information about Accounts checkboxes when changing asset accounts

Looking for clarification/guidance regarding Transfer current book value & Transfer current year depreciation when changing asset accounts

Capital Assets

Informational

• Transfer current book value - Transfers the current book value instead of the original acquisition cost

• Transfer current year depreciation - Transfers the current year depreciation for the asset from the original type 5 accounts to the new type 5 accounts

Both checkboxes default as empty but can be selected based upon the needs of your site