You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets – vehicles in the wrong fixed asset group.
You need to achieve the following:
Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are canceled and regenerated for the new fixed asset.
Ensure that all books for the existing fixed asset are created for the new fixed asset. Any information that was set up for the original fixed asset is copied to the new fixed asset. Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the new fixed assets group. Ensure that the historical transactions are transferred to the new fixed asset. Ensure Historical Depreciation expense entries do not change.
What should you do?
A. Reclassify the fixed asset
B. Change the fixed asset group and keep the same fixed asset number
C. Copy the fixed asset
D. Transfer the fixed assets
