• Not logged in - Log In

• Home
• Tags
• Pages
• About

Depreciation Schedule

SmartFusion Modules > Accounting > Fixed Assets > Reports > Depreciation Schedule

Recent Changes: 
  - 6.53
    -Fix an issue where acquisitions was pulling from the acquired department rather than its origin, so the calculations were coming out incorrect.
  - 6.49
    - Ensuring balance is displayed in the "as of date" column for acquisitions or disposals.
  - 6.31
    - Fixed an issue where the report was run for a single department and if a transfer happened from a department not included in the range,  The report would not display the entire amount of the asset.

  - 6.25 
    - Added support for adding acquisitions after transferring and corrected depreciation schedule from including an extra record when printing by department / location. 
    - Adjustment to report to fix multiple transfer problem scenarios so that the starting year values are allocated correctly and to the right department / location.

Introduction

This report will show changes in value of asset acquisition and accumulated depreciation information within the selected time period.

Explanation

Accumulated depreciation will only show values if calculate depreciation records have been created.

Select report sequence - Can be ran based on department, location, asset group, and asset class. Run by department or location if you want to also see transfer information.
Select output - Run by detail or summary.
Date Range
Funds to include
Include cost subtotals - Will include cost subtotals as part of detail section on the report.
Include fully disposed assets
Depreciable assets only
Include inactives

Data Selections - Filter based on the following criteria:

• Asset class
• Asset groups
• Asset numbers
• Buildings
• Departments
• Locations

There are five type of records on the report when running by location / department sequences.

• Acquisition - This is rolled into the starting date value column section on the asset line for existing assets. A separate line item shows that it was an added acquisition.
• Depreciation - Denoted by DEP. This is specifically for showing depreciation certain values in the accumulated depreciation section.
• Disposal - This is a disposal line item.
• Transfer In - This line item is depicting that a transfer occurred and was transferred into the department / location the line item is a part of.
• Transfer Out - This line item is depicting that a transfer occurred and was transferred out of the department / location the line item is a part of.

Reference

Calculate Depreciation