On this tab, you can list the fixed assets for writeoffwrite off.

The "Fixed Asset Write Off (create)" form. The Fixed Assets tab

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Click Calculate on the toolbar to calculated the current amounts.

The Gross Cost subcolumn shows the initial cost of the asset as in the Fixed Asset Entry document or its revised cost as in the posted Changes of Fixed Asset Parameters document if the cost was changed.

The Salvage Value subcolumn shows the asset net book value at which depreciation was planned to be stopped.

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The Current Depreciation Amount column shows the standard depreciation amount in calculated for the current period. Note. It is If the document is created in the last month of the useful life of this asset, the current depreciation amount will be calculated as the difference between the depreciable cost and accumulated depreciation and thus will include the "overlooked" depreciation amounts that were not calculated in due months.

The Net Book Value column shows the salvage current value of the fixed asset if writeoff calculated as the gross cost minus the accumulated depreciation if write off takes place before the salvage value end of useful life was reached in . On reaching the process of depreciationend of useful life, it is the salvage value.

Note. Manually, You can change the net book value and the current the net book value and the current depreciation amount manually if needed.

In the Reason column, you can specify why this fixed asset is written off.The Net Book Value (Acct. Cur.) column shows the difference between the initial cost and accumulated depreciation for the asset.

In the Transaction Content column,  provide provide a brief description for the journal entries to be generated for the writeoff write off transaction. 

The tab toolbar buttons

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