I have been working with our Capital Asset group looking at Accumulated Depreciation Expense vs Totals in the Asset Reports. I have noticed that when a capital expense is moved from one account to another, that entries are made to accumulated depreciation. The examples I looked at were moving an expense from a CG account to an unrestricted College account within the same organization. The entries are clearing the accumulated depreciation that has been booked to date, and then spreading the full depreciation expense over the remaining useful life. Is this expected behavior? (note I am not a capital asset expert). Thanks.
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