On this tab, you can list the fixed assets intended for conservation.
The "The "Conservation of Fixed Assets (create)" form. . The Fixed Assets tab
Click Add on the toolbar to append a line to the document.
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Use the Depreciation Suspension Date column to select the date starting which depreciation will not be calculated.The Initial Cost column is populated with
The Gross Cost subcolumn shows the initial cost of the
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asset as in
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the Fixed Asset Entry document or its revised cost as in the Changes of Fixed Asset Parameters document if the cost was changed.
The Salvage Value subcolumn shows the asset net book value at which depreciation must be stopped.
The Useful Life (Months)
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subcolumn (available for
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the Straight Line
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method) is populated with the number of months the fixed asset
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is planned to be used.
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The Depreciation Method
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subcolumn shows one of the following available depreciation methods that was assigned to the fixed asset:
- Straight Line:
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- To calculate depreciation in equal monthly amounts during the fixed asset useful life.
- Units of Production:
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- To calculate depreciation amounts proportionally to actual usage of the fixed asset.
The Estimated Production Volume subcolumn is used only for assets for which the Units of Production depreciation method is used. It is populated with the production volume (usage) required for the asset full depreciation. In the Accumulated Production Volume subcolumn, the sum of production volumes calculated over the previous periods is shown.
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The Depreciable Cost subcolumn is populated by default with the initial cost of the asset
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or the revised cost if the fixed asset had been revaluated which
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is registered in
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the posted Change of Fixed Asset Parameters
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document. The Accumulated Depreciation
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subcolumn shows the sum of depreciation amounts calculated
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in previous periods, since the start of depreciation.
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The Net Book Value
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column shows the
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current cost of the fixed asset, that is, the gross cost minus the accumulated depreciation amount.
In the Reason column, you can specify why this fixed asset has been
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place into conservation.
The tab toolbar buttons
The Calculate button is can be used if you need to refill the data for a listed fixed asset in case you notice noticed that the last-month depreciation is not calculate depreciation for the current month and deduct this amount from the net book valuenot calculated. In this case, you need to calculate this depreciation by using the Fixed Asset Depreciation document and return to this document to update the data.