On this tab, you can list the fixed assets to be returned from conservation.
The "Conservation of Fixed Assets (create)" form. The Fixed Assets tab
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The Depreciation Suspension Date column shows the date starting which depreciation was not calculated.The Initial Cost (Acct. Cur.) 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
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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)
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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 accumulated over the previous periods is shown.
The Cost for Depreciation Calculation (Acct. Cur.) subcolumn is populated by default with the initial cost 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 revaluation.
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The Depreciable Cost subcolumn is populated by default with the initial cost or revised of the asset minus the salvage value. The Accumulated Depreciation subcolumn shows the sum of depreciation amounts calculated over all previous periods, since the start of
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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 is returned from conservation.
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