You are viewing an old version of this page. View the current version.

Compare with Current View Page History

« Previous Version 2 Next »

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.

In the Fixed Asset / ID column, select the fixed asset being returned is use from conservation; its identifier will appear automatically.

The Depreciation Suspension Date column shows the date starting which depreciation was not calculated.

The Initial Cost column is populated with the initial cost of the fixed asset in the accounting currency; this cost was specified upon accepting the asset to accounting.

The Useful Life (Months) subcolumn (available for the Straight Line method) is populated with the number of months the fixed asset was planned to be used.

In the Depreciation Method subcolumn, you can notice one of the following available depreciation methods:

  • Straight Line: Used to calculate depreciation in equal monthly amounts during the fixed asset useful life.
  • Units of Production: Used 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 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. The Accumulated Depreciation subcolumn shows the sum of depreciation amounts calculated over all previous periods, since the start of the depreciation.

The Net Book Value 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 asset.

In the Reason column, you can specify why this fixed asset is returned from conservation.

The tab toolbar buttons

The Calculate button is used if you need to calculate depreciation for the current month and deduct this amount from the net book value.



  • No labels