| | The
Fixed Asset accounting system is designed to assist in maintaining control
over fixed assets. It is intended to be used as a replacement for hand maintained
depreciation schedules. Some of the main features of this system are listed below.
- Provides for a master file of all fixed assets belonging to a company.
- Provides for different methods of depreciation for book, Federal and
State purposes.
- Calculates depreciation on new ACRS methods plus five
pre 1981 methods.
- Calculates investment credit.
- Prepares schedules
of depreciation and investment credits.
- Provides for multiple companies
- Provides
for ten different categories of assets on each company with subtotals after each
category.
- Provides for estimation of depreciation for the current year
or for the next year.
- Provides for either fiscal year or calendar year
accounting.
- Provides for the operation to select the number of months
to depreciate an item the first year and the last year.
- Provides for termination
of assets and contains a thirty character comment section for the explanation.
- Provides
for the accounting for assets that are not to be depreciated.
- Provides
for short years
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