Tags » Fixed Asset

Reduce CIP Asset cost by Invoice Amount

Problem Summary
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Invoice and Amount Wrongly Added to CIP Asset

Solution:

Summary: Reduce CIP Asset cost by Invoice Amount $386

Detailed Steps:

1) Reclassification of given invoices in AP(to create 1 positive and 1 negative line) and then Mass Addition Create… 31 more words

Fixed Asset

Net book value

Net book value is the amount at which an organization records an asset in its accounting records. Net book value is calculated as the original cost of an asset, minus any  351 more words

Fixed Asset

What is negative depreciation in regard with fixed assets?

Depreciation is a common accounting concept that helps adjust the value of a deteriorating asset over time as it becomes less efficient. A business can depreciate an asset with an expected useful life of more than one year. 106 more words

Fixed Asset

Accumulated depreciation or YTD depreciation projection as of specific period end.

Oracle by default does not maintain future depreciation information (Accumulated or YTD) as depreciation could change as per cost adjustment, addition or asset retirement.

Often there will be requirement to write a function or package that returns YTD depreciation or Accumulated depreciation as of year-end or specific period(In this example it is Dec 2017) for example Accumulated depreciation as of Dec 2017, YTD depreciation as of Dec 2017 and remaining depreciation period for asset after Dec 2017. 1,263 more words

Fixed Asset

3 Alasan Kenapa Harus Menggunakan Fixed Asset Management Software

Ada begitu banyak alasan perusahaan tidak menggunakan aplikasi atau sistem pencatatan dan control aset. Salah satunya adalah pengeluaran biaya tambahan untuk membeli sebuah fixed asset management software… 539 more words

Asset

Multiple Reporting Currencies FAQ

FA Multiple Reporting Currencies FAQ

1. When converting assets from a legacy system into an MRC enabled
Depreciation Book, what exchange rate is used to convert the assets?  1,221 more words

Fixed Asset

Important Accounting Dates for Fixed Assets

Important Accounting Dates for Fixed Assets

There are three critical dates for each individual fixed asset.  These dates establish when the asset was acquired, placed in service, and the start of depreciation.   312 more words

Fixed Asset