PANTHEON™ Help

 Toc
 PANTHEON Help - Welcome
[Collapse]PANTHEON
 [Collapse]Guides for PANTHEON
  [Expand]Guide for PANTHEON
  [Expand]Guide for PANTHEON Retail
  [Expand]Guide for PANTHEON Vet
  [Expand]Guide for PANTHEON Farming
 [Collapse]User Manuals for PANTHEON
  [Collapse]User Manual for PANTHEON
   [Expand]Getting Started
   [Expand]User Manual for eBusiness
   [Expand]Settings
   [Expand]Orders
   [Expand]Goods
   [Expand]Manufacturing
   [Expand]Service
   [Expand]Help
   [Expand]Personnel
   [Collapse]Financials
    [Expand]Posting
    [Expand]Accounting Dashboard
    [Expand]Accruals and Deferrals
    [Expand]Credits and leases
    [Expand]Payment Transactions
    [Expand]Subject Accounts
    [Expand]Finances
    [Collapse]Fixed Assets
     [Expand]Fixed Asset Acquisition
     [Collapse]Depreciation/indexation of Fixed Assets
       Depreciated Cost
       Depreciated Cost and Upward Revaluation
      [Expand]Accelerated Depreciation and Other Depreciation Factors
       Depreciation on Appraisal Surplus Accounts
       Calculating and Posting Depreciation and Revaluation
       Depreciation on Impairment Accounts
     [Expand]Fixed Asset Value Adjustment
     [Expand]Fixed Asset Inventory Count
     [Expand]Fixed Asset Deactivation
     [Expand]Depreciation Recognized for Tax Purposes
    [Expand]Fiscal Year
    [Expand]Set-off
   [Expand]Analytics
  [Expand]User Manual for PANTHEON Retail
  [Expand]User manual for PANTHEON Vet
  [Expand]User Manual for PANTHEON Farming
[Collapse]PANTHEON Web
 [Collapse]Guides for PANTHEON Web
  [Expand]Guide for PANTHEON Web Light
  [Expand]Guide for PANTHEON Web Terminal
  [Expand]Guide for PANTHEON Web Legal
  [Expand]Old products Archive
 [Collapse]User Manuals for PANTHEON Web
  [Expand]Getting started PANTHEON Web
  [Expand]User Manual for PANTHEON Web Light
  [Expand]User Manual for PANTHEON Web Terminal
  [Expand]User Manual for PANTHEON Web Legal
  [Expand]Old products Archive
[Collapse]PANTHEON Granules
 [Collapse]Guides for PANTHEON Granules
  [Expand]Personnel Granule
  [Expand]Travel Orders Granule
  [Expand]Documents and Tasks Granule
  [Expand]Dashboard Granule
  [Expand]B2B Orders Granule
  [Expand]Field Service Granule
  [Expand]Fixed Assets Inventory Granule
  [Expand]Warehouse Inventory Granule
 [Collapse]User Manuals for PANTHEON Granules
  [Expand]Getting started
  [Expand]Personnel Granule
  [Expand]Travel Orders Granule
  [Expand]Documents and Tasks Granule
  [Expand]B2B Orders Granule
  [Expand]Dashboard Granule
  [Expand]Field Service Granule
  [Expand]Fixed Assets Inventory Granule
  [Expand]Warehouse Inventory Granule
  [Expand]Archive
[Expand]User Site

Load Time: 671.8859 ms
"
   4023 | 4702 | 340454 | Updated
Label

Depreciated Cost

Depreciated Cost

Depreciated Cost

010381.gif010411.gif010382.gif010383.gif

Fixed asset was activated on April 17th, 2007. Its coss is €5,000.

34914.gif

 

34915.gif

On December 31st, 2007 at the end of fiscal year, calculate fixed asset's depreciated cost that is included as expense.

 

Depreciation report is created for the period from May 1st, 2007 to December 31st, 2007 since depreciation is accounted from the start of the month following fixed asset's activation date.

000001.gif Depreciation is calculated according to the activation date entered in the Fixed Assets register (in this case from April 17th, 2007). This means that it starts May 2007.

Below you can see adjustment in the Fixed Assets register after confirming report:

34916.gif

Lines of journal entry that are created using automatic posting of depreciation report include depreciated cost (e.g. 432D) and its contra entry on the Fixed Assets account (e.g. 0500C):

34917.gif

 


 

Rate this topic
Was this topic usefull?
Comments
Comment will also bo visible in forum!