Quantity-wise Split : Here you can split an asset code having more than 1 Quantity into different asset codes. This split may be required because at the time of purchase the entire quantity of purchase was for one department but later on some of them are transferred to other departments. For e.g. 5 chairs purchased for Rs.10,000/- were used by Cafeteria but now 2 of the chairs are to be transferred to Security and 1 to Front office. So the Asset Code can be split into 3 asset codes, and their cost and accumulated depreciation will be pro-rated in the ratio of 2:2:1.

Asset-wise Split : Here you can split one asset into multiple assets spanning over different Group codes. e.g. A Car along with a music system was purchased for Rs 7,00,000/-. The Car is now to be sold but the music system is to be retained. Here the system enables you to split the Asset into two and assign the Cost and Accumulated Depreciation breakups manually.