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Australian Tax Retirements Report

Use this report to print retirements for all assets.

Report Parameters

When you request the Australian Tax Retirements report, Oracle Assets asks you for the following information:

Book Choose tax depreciation book required.
From Period Choose first period.
To Period Choose last period.
Category Choose one, or leave blank for all asset categories.
Sort Options Asset Number: The report is sorted by asset number, then by date retired.
Date Retired: The report is sorted by date retired, then by asset number.
Category (with subtotals): The report is sorted by category, asset number, then by date retired.
Note: Category Summary is not available with this report.

Column Headings

In this column... Oracle Assets prints...
Asset No. The asset's identification number.
Description The description of the asset.
Category The asset category.
Date Acquired The date the asset was placed in service.
Retired Date The date the asset was retired.
Original Cost The asset's original acquisition cost.
Balancing Charges The total of the balancing charges applied to the asset.
Depreciable Cost The tax depreciable value of the asset. This is the original cost, less balancing charges.
Life To Date Depreciation The life-to-date tax depreciation (the tax depreciation claimed to date).
Depreciation Method The method used to depreciate the asset.
Depreciation Rate The method of depreciation used for the asset.
Net Tax Value The tax depreciated or written down value of the asset.
Net Proceeds The retirement proceeds net of removal costs.
Assessable Amount The assessable gain that is recognized in this tax year. This is the amount of depreciation recouped on retirement, except in the case of Division 10D buildings, which cannot generate an assessable gain.
Non-Assessable Amount The non-assessable income calculated on disposal. This is the capital allowance recouped on disposal of a Division 10D building.
Unadjusted Capital Gain The amount of the gain above the tax depreciable value.
Deductible or Non-Deductible Loss The deductible or non-deductible loss that is to be recognized in the current tax year.


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