Asset Basis Report: Report Columns

Above each column heading (other than System Number, Acquired Value, and Current Through date) is an operator that shows whether the value in that column was subtracted from, added to, multiplied by, or totaled from the preceding column values. For example, the system subtracts any amount in the ITC Reduction column from the asset's acquired value as part of the depreciable basis calculation.

These standard columns appear in the Asset Basis report and need no explanation:

System Number

Extension

Acquired Value

(x) Percentage of Business Use

(-) ITC Reduction

(-) Section 179

The following guidelines provide detail on the nonstandard columns that appear on the Asset Basis report.

Item	Notes
(-) Salvage Value	The system uses this column to display the salvage value entered in Asset Detail of the asset only if the depreciation method requires the system to subtract salvage value to determine the depreciable basis. For example, the salvage value appears for assets that use a sum-of-the-years'-digits depreciation method. However, if an asset's depreciation method is declining-balance, the salvage value does not appear in this column because salvage value does not reduce the depreciable basis (although it does reduce the total amount of depreciation allowed).
(-) 168 Allowance	This column shows the amount the system calculates as the 168 Allowance for the year you place an asset in service. The system subtracts the 168 Allowance to determine the depreciable basis. The system displays an amount in this column only if you select a "Plus 168" depreciation method: MA, MR, AA, or SB.
(=) Depreciable Basis	This column shows the amount the system calculates as the asset's depreciable basis from the amounts in the preceding columns. This amount matches the asset's depreciable basis shown on a Depreciation Expense report for the date in this report's Current Through date column.
Current Through	If you have disposed of the asset, this column shows the date depreciation was last calculated for the asset. This date is the same as the Through Date displayed in Asset Detail.