Asset Register Report (Oracle Assets Help)


	Previous	Next		Contents	Index	Navigation	Glossary	Library

Asset Register Report

Use this report to get a snapshot of any asset. The report shows a line with asset information for the corporate book you specify and for each associated tax book. It provides information that is current as of the day you request the report. It does not provide historical information. The report is sorted by asset number.

You must enter a Book and From/To Asset Number range when you request this report.

Selected Headings

Parent Asset Number/Description: Parent asset information appears if this asset is a subcomponent of another asset.

Property Class: 1245 (personal) or 1250 (real)

Purchase Order Number: The purchase order number that your purchasing department used to approve the purchase of this asset.

Prorate Date: The date the depreciation program uses to determine how much depreciation to take during the first and last years of the asset's life.

Months of Depreciation in First Year: The number of months of depreciation allowed for the asset in its first year of life according to the prorate convention.

Depreciate: Indicates whether you enabled the Depreciate flag in the Books window.

Depreciate When Placed In Service: Yes if Oracle Assets begins depreciating the asset on the date you placed the asset in service, or No if it begins depreciating on the prorate date. This is determined by the prorate convention.

Adjusted Rate (%): The adjusted rate (for assets using flat-rate methods). The basic rate and the adjusting rate determine the adjusted rate. The adjusted rate is used to calculate annual depreciation expense for flat-rate methods.

Adjusted Rate = Basic Rate X (1 + Adjusting Rate)

Depreciate in Last Year: Indicates whether the asset depreciates in the year you retire it. This is determined by the depreciation method.

Period Reserved: The depreciation period in which the asset became fully reserved.

Period Retired: The depreciation period in which the asset was fully retired.

Revaluation Reserve: The change in net book value that occurred due to revaluing the depreciation reserve. If you do not revalue depreciation reserve, Oracle Assets prints the depreciation reserve when you revalued the asset.

Ceiling Name/Ceiling Type: The name and type (depreciation cost, depreciation expense, or investment tax credit) of ceiling that you entered for the asset.

Rate Adjustment Factor: The depreciation rate adjustment factor resulting from any amortized adjustments or revaluations. The depreciation program uses this number to calculate depreciation for assets with amortized adjustments or revaluations.

Cost: It reflects any cost adjustments and revaluations.

Recoverable Cost: The portion of the current cost which may be depreciated. The recoverable cost is defined as:

Recoverable Cost = Current Cost - Salvage Value - ITC Basis Reduction Amount

Depreciable Basis: The depreciable basis that the depreciation program uses to calculate depreciation. The depreciable basis updates when you adjust financial information, revalue the asset, or enter retirements. It is also updated for assets in your tax book when you assign investment tax credits.

Net Book Value: The recoverable cost less the depreciation reserve.

Year-To-Date Depreciation: The fiscal year-to-date depreciation calculated through the last depreciation period.

Asset Register Report

Selected Headings

See Also