Page History
The following information is recorded under the General tab of the Fixed Asset Record page:
Purchasing Date | The purchase date of the fixed asset. Depreciations will be allocated depending on this date and the selected depreciation type. |
Purchase Quantity | The quantity of purchased or present fixed assets. |
VAT Rate | The VAT rates. The VAT rate specified in the Asset Management parameters of the System Settings section is displayed as default. This data can be changed if necessary. |
Reporting Currency Exchange Rate | The field used to enter the exchange rate of the reporting currency. |
Unit Salvage Value | Indicates the unit salvage value of the asset. |
Amount information is displayed on the definition window with local currency and reporting currency information. | |
Input Cost | The cost of the fixed asset. The cost in local currency is entered. |
Entered Expenses | If an expense amount is entered for the asset which is assigned by the "Expense Distribution to Assets" option of the right click menu of invoices while processing Assets related to the materials in sales/material slips, this amount will be displayed in this field. |
Entered Costs (IFRS) | When material related assets are processed in purchase, sales or material slips, an expense amount is entered for the asset which is assigned using the "Expense Distribution to Assets" option of the right click menu in invoice. If the Affects IFRS Cost box is checked, this amount is transferred to the Entered Costs (IFRS) field. |
Total Cost | Shows the total of asset expenses and input cost. |
Total Cost (IFRS) | Shows the total of input cost and expenses of the asset (IFRS). |
VAT Amount | The VAT amount calculated using the purchase amount and the VAT rate specified on the VAT Rate field. |
Total Price Difference | If any price difference is applied to the purchase invoice of the fixed asset, the amount of that price difference is automatically transferred into this field. |
Salvage Value | The salvage value field is used to enter the last value for which the depreciation will not be allocated for the fixed asset. In this way, the net book value of the fixed asset will not ever be equal to zero. |