Fixed Asset Report
Fixed Assets- The Fixed Asset Listing by Class Report Should include the Annual Depreciation Amount for the current year under the Annual Depreciation Column and should not include amounts for fully depreciated assets.
Karen
shared this idea
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Amanda Gambrell
commented
I believe the fixed asset report should include the calculated depreciation for the year, not Annual Depreciation, as if an asset was put into service mid-year, the actual deprecation that is calculated is only a half year, not a full year, which is what the Annual Depreciation field reports.
The Fixed Asset Listing report should be better presented if it included the Asset Cost, Prior Accumulated Depr., Current Calculated Depr. (for the most current depreciation routine ran), and Net Cost (which would be cost less all accumulated depreciation).