Asset Detail
The following are the elements of Asset Detail.
Items in this window
| Item | Notes |
|---|---|
| Asset System Number and Description | The system displays the System Number and the contents of the Description field at the top of Asset Detail. |
| Status Field | This field displays the status of the asset (Active, Inactive, Disposed |
| Go Field | Use this field to navigate to another asset while remaining in Asset Detail view. For more information, see Browsing Your Assets. |
| Group Field | This field displays the most recently displayed group in the Asset List. |
| Asset Tabs | Asset tabs display additional information about your assets, such as disposals, transfers, history, and more. |
| General Information Fields | The general information fields contain general business information about your assets. These fields do not affect depreciation calculations. Whenever you add a new asset into the application, you enter data into the general information fields. These fields can be used to create asset groups. |
| Apply Template Field | This field allows you to select from a list of available asset templates that you can apply to an existing asset or use to create a new asset. An asset template is a set of standard general-information-field and book-information-field entries that you create. |
| Depreciation Books | The depreciation books available in the application are displayed across each of these column headings. Data in each column relates to the book listed at the top of the column. |
| Book Information Fields | The book information fields display depreciation data specific to each book displayed in the column headings. In Asset Detail, you can view all depreciation data for a single asset. Use the scroll bars to the right to scroll through all available fields. |
| [Asset List] | Select this button to go to the Asset List and view the current group of assets. |
| [Print Detail] | Select this button to send the information for the current asset to the printer. |
| [Save Asset] | Select this button to save changes made to the current asset. |
| IRS Table Link | See below. |
IRS Table Link
The IRS Table link provides an easy-to-access method for determining an asset’s MACRS GDS or ADS life for the Tax book. Select the link to display the IRS ADR Class Life Table, per Revenue Procedure 87-56, which we have reformatted and alphabetized for ease of use. By selecting the See Also button, you can navigate to three different tables:
- Commonly used assets
- Assets used in manufacturing, alphabetized by end product (For example, assets used to manufacture photographic equipment are listed under “P” in this table.)
- Assets used in specialized businesses (For example, assets used in recreational services are listed under “R” in this table.)
By locating an asset in the appropriate table and entering both its MACRS GDS life and ADS life, the application will default the correct lives into both the AMT and ACE books as needed.