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To transfer an asset in SAP, navigate through the SAP Easy Access menu: Accounting > Financial Accounting > Fixed Assets > Posting > Transfer > Transfer within Company Code, using transaction code ABUM. Select the company code and choose the asset to transfer, such as an assembling machine. Check the asset values, noting that the acquisition value is 50,000, with two transactions recorded. To execute the transfer to a dismantling machine, select the assembling machine and ensure the document date is 18/09/2020, with the asset value date also set to 39/2020. This outlines the steps necessary for the asset transfer process within the same company code.