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The longevity expenses for usage are covered by the beginning of the activation year and in the duration of the fixed asset that they have been applied to.
Example:
Fixed Asset Usage Longevity Expenses
Buying Year | Buying Value | Depreciation Rate | Accumulated Depreciation | Net Book Value |
|---|---|---|---|---|
(%20) | ||||
1995 | 6.000,00 | 1.200,00 | 1.200,00 | 4.800,00 |
1996 | 6.000,00 | 1.200,00 | 2.400,00 | 3.600,00 |
1997 | 6.000,00 | 1.200,00 | 3.600,00 | 2.400,00 |
800,00 | 160,00 | 160,00 | 640,00 | |
1998 | 6.000,00 | 1.200,00 | 4.800,00 | 1.200,00 |
800,00 | 160,00 | 320,00 | 480,00 | |
1999 | 6.000,00 | -- | 5.999,99 | 0,01 |
800,00 | 160,00 | 480,00 | 320,00 | |
2000 | 6.000,00 | -- | -- | 0,01 |
800,00 | 160,00 | 640,00 | 160,00 | |
2001 | 6.000,00 | -- | -- | 0,01 |
800,00 | 160,00 | 800,00 | 0,00 |
Function Augmenter Expense
This type cost increasing expenses, increase fixed assets' functions and their utility in their physical life.
Example:
Fixed Asset Function Augmenter Expense
Buying Year | Buying Value | Depreciation Rate | Accumulated Depreciation | Net Book Value |
|---|---|---|---|---|
(%20) | ||||
1995 | 1.000,00 | 200,00 | 200,00 | 800,00 |
1996 | 1.000,00 | 200,00 | 400,00 | 600,00 |
1997 | 1.000,00 | 200,00 | 700,00 | 600,00 |
300,00 | 100,00 | |||
1998 | 1.000,00 | 200,00 | 1.000,00 | 300,00 |
300,00 | 100,00 | |||
1999 | 1.000,00 | 199,99 | 1.299,99 | 0,01 |
300,00 | 100,00 |
These expenses are defined by fixed asset records. The fixed assets' (defined as "expense") depreciations are calculated over the fixed assets that are used as expenses.
Assigning expenses to fixed assets can be done by
- Assign Longevity Expense
- Assign Function Augmenter Expense
options located in F9/right mouse button menu of the fixed assets.
The depreciation of expenses is calculated with fixed asset. Depreciations separated for expenses are tracked by depreciation table of expense item. For related expense item, an additional depreciation calculation is not done.
The fixed asset used as expense can be connected with only one fixed asset record. When it is wanted to be connected with another record, the previously built connection has to be broken.
The expenses' connections of which depreciations are calculated cannot be broken. If its depreciation has not been calculated, using "Shift + Del" key combination, the relation can be broken.
The depreciation values calculated for expense records are posted to G/L over fixed assets that are used together. Over expense items, depreciation calculation and posting operations cannot be executed.
The expenditure transactions connected with fixed asset, are tracked by "Fixed Asset Expenses" option located in F9/right mouse button menu of Fixed Asset Records.
When posting fixed asset transactions to G/L, expense items are posted to G/L with fixed asset records that they are used together. On the fixed assets list, reached by "Fixed Asset Code" and "Fixed Asset Description" filter lines of fixed asset posting filters, the expense type fixed assets are not taken part.
Association Date
During matching transaction at longevity and function augmenter expense assignment windows, when "Match" button is clicked a window is opened which is used to enter the matching date. This window is used if association date is wanted to be the date when the material is gotten into use and in case the association date of the material is different from the material's purchasing / input from production invoice date which will be matched with fixed asset. When associating the purchased material with fixed asset, its expense reflection can be done in another date. If there are more then one records to be associated, the displayed window's default date will be the current date; if a single record will be matched, the default date will be the relevant slip's date. Association date is displayed at fixed asset expenses window. If the expense to be associated is a fixed asset, this record's active date and depreciation beginning date is updated according to association date and this date is considered when calculating depreciation.