43 Print Depreciation Reports

This chapter contains the topic:

• Section 43.1, "Printing the Depreciation Schedule."

The Fixed Assets system includes depreciation reports that you can use to review selected depreciation information.

43.1 Printing the Depreciation Schedule

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From Fixed Assets (G12), choose Cost Information and Reports

From Cost Information and Reports (G1213), choose Depreciation Schedule

You can print the Depreciation Schedule report to review a list of assets and their corresponding depreciation expense and net book value amounts for each ledger. You can specify the sequence of this report by depreciation expense account or by accumulated depreciation account as of any date.

The Depreciation Schedule report shows the balances in the Item Balances table (F1202) without computing depreciation.

You can also use the Depreciation Schedule report after you enter the beginning balances for assets during the conversion process to the Fixed Assets system. You can use this report as a tool to review your entries and help you reconcile differences between the Item Balances table (F1202) and the Account Balances table (F0902).

The Depreciation Schedule report includes the following information:

• Cost - The original acquisition cost of the asset.

• Accumulated depreciation - The accumulated depreciation amount of the asset. This is a cumulative amount that is calculated according to the depreciation method that you specify for the asset.

• Depreciation expense year-to-date - The amount of depreciation charged to the asset thus far this year.

• Depreciation expense current - The amount of depreciation charged to the asset since the last final depreciation. This amount is based on the date that you specify for the report.

• Net book value - The difference between the asset's cost and its accumulated depreciation.

• Remaining (Rem) life - The periods remaining until the asset is fully depreciated. If the disposal date of the asset is prior to the date the asset will be fully depreciated, the system uses the month and year to determine the remaining periods that print on the report.

43.1.1 Depreciation Schedule - Cost and Accumulated Depreciation By Ledger Type and Depreciation Schedule - Totals by Ledger Type

Figure 43-1 Depreciation Schedule - Cost and Accumulated Depreciation By Ledger Type (Top) and Depreciation Schedule - Totals by Ledger Type (Bottom) reports

Description of "Figure 43-1 Depreciation Schedule - Cost and Accumulated Depreciation By Ledger Type (Top) and Depreciation Schedule - Totals by Ledger Type (Bottom) reports"