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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