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Australian Tax Depreciation Schedule 32

Use this report to print tax depreciation in the old Australian Taxation Office depreciation schedule 32 layout.

Report Parameters

When you request the Australian Tax Depreciation Schedule 32 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 all asset categories.
Sort Options Asset Number: The report is sorted by asset number.
Category: The report is sorted by category. This report shows all assets.
Category Summary: This report shows a summary line for each category only.
Note: Date Retired 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.
Original Cost The asset's original acquisition cost.
Balancing Charges The sum of the balancing charge applied to this asset.
Original Cost - Balancing Charges The original cost of the asset adjusted for the balancing charges applied.
Opening WDV The tax depreciated (or written down) value at the start of the specified period range.
Disposal Date The date the asset was retired.
Disposal Consideration The retirement proceeds of sale, less removal costs.
Disposal Adjustment The assessable gain or deductible loss on retirement. Assessable gain is depreciation recouped on disposal. Deductible loss is the depreciated value less the proceeds. Depreciable assets can have a deductible loss, but Division 10D buildings can only have a deductible loss if they have a retirement type of SCRAP/DEMOL.
Additions Cost The acquisition cost if the asset was acquired in the current tax year.
Additions Date The date placed in service if the asset was acquired in the current tax year.
Depreciable Value The tax depreciable value adjusted for balancing charges applied.
Depreciation Rate The tax depreciation rate applicable to the asset. This rate is derived for life-based assets.
Depreciation Prime Cost The tax depreciation calculated using the prime cost method.
Depreciation DVM The tax depreciation calculated using the diminishing value method.
Closing WD Value The tax depreciated (or written down) value at the end of the selected period range.
Closing Cost - Bal Chgs The original asset tax acquisition cost adjusted for balancing charges applied.

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