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Basis Reduction Amount: ITC Basis X Basis Reduction Rate

Comments: Some Mass Additions reports print the comments you entered in the Prepare Mass Additions window.

Company: The balancing segment to which you assigned these assets. Assets that you share among different companies are included in several lines of the report.

Cost: The current cost of the asset.

Cost Retired: Total cost retired.

Date Retired: The date the retirement actually occurred, not the date you entered the transaction into Oracle Assets.

Depreciation Amount: The depreciation taken for the period you selected.

Depreciation Reserve: The total depreciation calculated for the asset (as of the accounting period you selected, if you entered a Period as a parameter for this report). Also known as accumulated depreciation.

Expense Account: The depreciation expense account number of the asset.

Fiscal Year: The fiscal year you placed the asset in service, if you placed the asset in service during the fiscal year you requested. For assets placed in service in years prior to the fiscal year you selected, the Form and Adjusted Form 4562 reports print "Previous".

From/To Date: The date range effective.

Gain/Loss: The gain or loss realized upon retirement. Oracle Assets prorates the gain or loss according to the number of units disposed from the cost center, location, and employee.

Invoice Number: The invoice number your accounts payable department used to pay for the asset. If you created this asset from Oracle Payables using Mass Additions, Oracle Assets prints the invoice number.

ITC Basis: The lesser of the current cost or the applicable ITC ceiling for the asset.

ITC Amount: ITC Basis X ITC Rate

Life: Years and Months: The life in years and months (for assets using life-based methods). For assets using flat-rate depreciation methods, the report prints the adjusted rate plus the bonus rate as a percentage.

Mass Transaction Number: Unique reference number of the revaluation definition.

Net Book Value Retired: The asset's net book value at retirement.

Net Book Value = Recoverable Cost - Accumulated Depreciation

Original Cost: Fraction of the cost assigned to this balancing segment when you added, mass copied, or capitalized the asset. Includes any adjustments before you depreciated the asset for the first time.

Owner: Name of the employee who is responsible for the asset.

Payables Batch Name: Invoice batch name that originated the mass addition.

Period Name: The period to which the depreciation expense or production amount applies.

Period Number: The number of the period. All periods within a calendar are numbered sequentially. The first period of the fiscal year is number 1.

Proceeds of Sale: Amount for which you sold the asset.

Transaction Number: The reference number that uniquely identifies this transaction.

Vendor Name: The name of the vendor whose invoice originated the asset or mass addition

See Also