Hi Krishna
There are 2 angles to it.
1. If the transferring and receiving cost center belong to same profit center
2. Belong to different PC..
If 1 - when you change the CC on asset, only the future postings get impacted like depreciation or retirements. The APC value and Acum dep remain on old PC only. So if your intention is to transfer APC and Acum dep also, then use Abumn. If you are OK to capture depreciation alone to new CC and PC, just change the CC on asset master
If 2 - change CC on asset master. That's enough
If asset is shared by 2 CC in a month, system won't post dep to both. It will post only to the latest CC on asset master. You can do KB11n after that
Ajay M