Final answer:
In a mid-year legacy system migration for assets, fully depreciated fixed asset master records, current year asset acquisition transactions, and current year posted depreciation are essential data that must be migrated to the new company code.
Step-by-step explanation:
When performing a mid-year legacy system migration for assets in a new company code, it's important to migrate essential data to ensure continuity and accuracy in financial reporting. The data you must migrate includes:
Fully depreciated fixed asset master records: Even if assets are fully depreciated, it's important to include their records for historical analysis and audit purposes.
Current year asset acquisition transactions: All acquisitions during the current year need to be accounted for to accurately reflect the added value to the company's assets.
Current year posted depreciation: Depreciation posted in the current year affects the book value of assets and is a necessary component for financial statements and tax calculations.
Accumulated depreciation per cost center and closed year asset sale transactions, while important, are not typically migrated as part of a mid-year migration since they pertain to past financial periods and may be less relevant to the immediate continuity of accounting records in the new system.