The Fixed Assets system provides an accurate and current depreciation schedule for each plant item on an individual basis.

Each entry includes original cost, depreciation amount, year-to-date depreciation, lifetime-to-date depreciation, and depreciated value (determined by original cost minus lifetime-to-date depreciation). The system provides the current month’s depreciation amounts summarized and combined into a general journal entry. The system uses the straight-line depreciation method.

• Provides a depreciation schedule on each Plant Item
• User controlled General Ledger interface
• Statistical reports on Plant Items
• History Comments Entry available for Assets
• Automatic History Comments when asset is updated, sold, or general ledger number is changed
• Automatic calculation of gain/loss when asset is sold
• Monthly depreciation run calculates current month depreciation for all assets
• Monthly Depreciation for vehicles automatically updates the Transportation System

• Plant Account Listing
• Monthly Depreciation Register
• Statistical Report
• Retired Asset Register
• Asset Additions Register
• Transportation Assets Interface Report

... more information about Fixed Assets is available here.