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Depreciation

Transfer multiple assets simultaneously

You can transfer multiple assets simultaneously to a different activity or to 1 of 4 associations within the same activity. Eligible associations include cost center, department, division, and location. Use the following procedure to enter and update transfer information for multiple assets. This information lets the application properly calculate current depreciation and delete the original assets after the current year.
note
It's not possible to transfer disposed and current-year assets.
  1. Open the
    Asset List
     window for an activity.
  2. In the
    Asset List
     window, select
    Tasks
    , then
    Mass Transfers
    .
  3. Select
    Add
    .
  4. Enter a brief description of the transfer (such as Moved Office Equipment).
  5. Enter a date in the
    Date of transfer
     field.
  6. Select
    Continue
    .
  7. In the Assets available to select pane, select the assets to include in the mass transfer.
    note
    • Disposed and current-year assets can't be transferred and won't appear in the list.
    • Use the fields in the Focus asset listing group to limit the list of available assets to those assigned to a specific group, location, or other association value.
  8. Use
    Select
     to move the assets to the Assets selected pane.
  9. In the
    Type of transfer
     field, select either
    Activity
     or an association from the dropdown list. Eligible associations, which must be set up for the asset, include cost center, department, division, and location.
  10. In the
    Transfer to
     field, select the activity or association to which you want to transfer the assets. The options available in the dropdown list depend on the selection in the
    Type of transfer
     field.
  11. Select
    OK
     to save the mass transfer.
  12. Select
    Done
     to close the
    Mass Transfer
     window.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual,1120 Corporation,1065 Partnership,1041 Fiduciary,990 Exempt Organization
  • Subject: Depreciation

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