Annual Activity Report

Purpose

The Annual Activity report presents asset account balance activity for Acquired Value over the requested fiscal year. For each asset included, it shows the asset's cost as of the beginning of the fiscal year (its acquired value or, if the asset was disposed of in a previous year, zero); the cost of acquisitions, transfers, and disposals during the fiscal year; and the asset's cost at the end of the fiscal year. You can choose to include only assets with current activity and a summary line for other assets, or you can include details for all selected assets.

Tip: To reconcile the changes in G/L asset account balances from the beginning to the end of the fiscal year, sort and subtotal the report by G/L asset account number.