Depreciation Summary Report: Report Columns

These standard columns appear in the Depreciation Summary report and need no explanation:

System Number

Extension

Company Asset Number

Section 168 Allowance/Section 179

Depreciation Method

Estimated Life (shown in years and months)

Acquired Value

The following guidelines provide detail on the nonstandard columns that appear on the Depreciation Summary report.

Column	Notes
Current Through	This date is the last date for which depreciation was calculated for the asset (that is, the asset's current through date). Depreciation could have been calculated by selecting Depreciate from the Depreciation menu, or by transferring or disposing of an asset.
Prior Accumulated Depreciation	Prior accumulated depreciation includes all depreciation expense from the asset's placed-in-service date through the end of the fiscal year before the system last calculated depreciation. For example, if depreciation was last calculated through 03/07, prior accumulated depreciation includes all depreciation expense from the asset's placed-in-service date through December 2006, including any beginning depreciation amounts.
Depreciation This Run	Depreciation this run is the amount that the system calculated for the period between the next-to-last depreciation calculation (the previous through date) and the last depreciation calculation (the date in the Current Through column). For example, if you calculated depreciation through 01/07 and then calculated depreciation through 03/07, the Depreciation This Run column includes depreciation for February and March 2007.
Current Year to Date	Current year-to-date depreciation includes all depreciation expense from the beginning of the fiscal year containing the current through date up to and including the through date. (The through date is the last date through which you calculated depreciation.) For example, if Asset A has a current through date of 03/07, the current year-to-date depreciation includes depreciation for January, February, and March 2007 (for a calendar year-end company). If Asset B has a current through date of 03/08, the current year-to-date depreciation includes depreciation for January, February, and March 2008. Both assets will appear on the same Depreciation Summary report.
Current Accumulated Depreciation	Current accumulated depreciation includes all depreciation expense from the asset's placed-in-service date up to and including the current through date. (The through date is the last date through which you calculated depreciation.) Current accumulated depreciation equals the amount in the Prior Accumulated Depreciation column plus the amount in the Current Year-to-Date column.

The following columns on the report include the 168 Allowance and Section 179 expense, when applicable to the depreciation method, if you selected Yes in the Include Section 168 Allowance and Section 179 in Expense field in the Edit Company screen and the report run date is after the asset’s placed-in-service year:

Prior Accumulated Depreciation
Depreciation This Run
Current Year-to-Date
Current Accumulated Depreciation

The Calculation Assumptions section on the last page of the report indicates whether you selected Yes or No in the Edit Company screen.