General ledger> Periodic> Fixed assets> Reclassification

Use this form to reclassify a fixed asset group or fixed asset number from a specific date, or to change the number sequence code of a fixed asset group. For example, reclassify all of the assets in the "Fixed assets in construction" fixed asset group to the "Fixed assets" group.

If you do not reclassify a fixed asset or a fixed asset group on the last day of a depreciation period, you must create an adjustment. You also might need to create an adjustment if a value model for the original fixed asset or fixed asset group has a provision type.

Reclassification information will be displayed on reports, such as the Fixed asset statement. Before you print the Fixed asset statement, however, you must include the new fixed asset in the definition of the fixed asset lines in the Setup of fixed asset statement rowsform.

When you print the Fixed asset statementafter reclassifying a fixed asset, a Reclassification this yearcolumn displays the identification of the fixed asset from earlier in that fiscal year and the historical acquisition cost.