On this tab, you can list the fixed assets to be returned from 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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The Depreciation Suspension Date column shows the date starting which depreciation was not calculated.The Initial Cost column is populated with .
Use the Planned End Date of Conservation column to select the date starting which depreciation calculation will be resumed.
The Gross Cost subcolumn shows the initial cost of the fixed asset in the accounting currency; this cost was specified upon accepting the asset to accounting.The asset as in 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 finally stopped.
The Useful Life (Months) subcolumn subcolumn (available for the the Straight Line method method) is populated with the number of months the fixed asset was is planned to be used. In the The Depreciation Method subcolumn, you can notice subcolumn shows one of the following available depreciation methods that was assigned to the fixed asset:
- Straight Line: Used to To calculate depreciation in equal monthly amounts during the fixed asset useful life.
- Units of Production: Used to 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 accumulated over the previous periods is shown.
The Cost for Depreciation Calculation The Depreciable Cost subcolumn is populated by default with the initial cost or revised of the asset in the accounting currency. If the fixed asset had been revaluated which was registered with a posted Change of Fixed Asset Parameters document, it is the cost after revaluationminus the corresponding salvage value. The Accumulated Depreciation subcolumn subcolumn shows the sum of depreciation amounts calculated over all previous periods, since the start of the depreciation.
The The Net Book Value column column shows the difference between the initial cost (or the costs in the Cost for Depreciation column if different) and the accumulated depreciation for the assetcurrent 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 is returned from conservation.
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