On this tab, you can list the fixed assets intended for conservation.
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 placed into conservation by its description; its identifier will appear automatically.
Use the Depreciation Suspension Date column to select the date starting which depreciation will not be calculated.
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 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) subcolumn (available for the Straight Line method) is populated with the number of months the fixed asset is planned to be used. The Depreciation Method subcolumn shows one of the following available depreciation methods that was assigned to the fixed asset:
- Straight Line: To calculate depreciation in equal monthly amounts during the fixed asset useful life.
- Units of Production: To calculate depreciation amounts proportionally to actual usage of the fixed asset.
The Depreciable Cost subcolumn is populated by default with the initial cost of the asset or the revised cost if the fixed asset had been revaluated which is registered in the posted Change of Fixed Asset Parameters document. The Accumulated Depreciation subcolumn shows the sum of depreciation amounts calculated in previous periods, since the start of depreciation.
The Net Book Value column shows the 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 place into conservation.
The tab toolbar buttons
The Calculate button can be used to refill the data for a listed fixed asset in case you noticed that the last-month depreciation is not 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.