R12: Backdated transfer does not transfer depreciation expense for all previous periods to the new depreciation expense account (Doc ID 2386007.1)

Last updated on FEBRUARY 11, 2019

Applies to:

Goal

Backdated transfer does not transfer depreciation expense for all previous periods to new depreciation expense account in below scenario:

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1. Create an asset on Dec-2014.

1. On period Jul-15 have been operated a backdated retirement with retirement date = Jan-15, 6 months of depreciation have been moved to new account.(expected)

2. In Mar-18 period have been operated two retirements ( Retirement date 01-Mar and 12-Mar, reserve have been moved from account  X to Y and back from Y to X(expected).

3. In Apr-18 period have been operated a backdated retirement with Jan-18 and only one month of depreciation have been moved to the new account(from X to Y).
Expectation is that 3 months of depreciation should be move to the new account ( Jan-18, Feb-18, March-18)

Transfer on March-18 with Transfer date 01-March-18
 TRANSFER COST          CR 9792.8 Original Distribution
 TRANSFER RESERVE      DR 6936.55 Original Distribution
 TRANSFER COST          DR 9792.8 New Distribution (a)
 TRANSFER RESERVE      CR 6936.55 New Distribution (a)

Transfer on March-18 with Transfer date 12-March-18
 TRANSFER COST          CR 9792.8 New Distribution (a)
 TRANSFER RESERVE      DR 6936.55 New Distribution (a)
 TRANSFER COST          DR 9792.8 New Distribution (b)
 TRANSFER RESERVE      CR 6936.55 New Distribution (b)

Transfer in April-18 with Transfer date Jan-18
 TRANSFER COST           CR 9792.8 New Distribution (b)
 TRANSFER RESERVE       DR 7072.56 New Distribution (b)
 TRANSFER COST           DR 9792.8 New Distribution (c)
 TRANSFER RESERVE       CR 7072.56 New Distribution (c)
 DEPRECIATION EXPENSE DR -136.01 New Distribution (b)
 TRANSFER RESERVE       DR -136.01New Distribution (b)
 DEPRECIATION EXPENSE DR 136.01 New Distribution (c)
 TRANSFER RESERVE       DR 136.01 New Distribution (c)
 DEPRECIATION EXPENSE DR 0 New Distribution (c)

Solution

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