Net Book Value Report: Report Columns

The Net Book Value report first shows general information about the asset, then the data used to calculate the net book value and the percentage of total depreciation taken.

These standard columns appear in the Net Book Value report and need no explanation:

System Number

Extension

Asset ID

[Placed] In-Service Date

Depreciation Method

The following guidelines provide detail on the nonstandard columns that appear on the Net Book Value report.

Remaining Life (in years and months)

The system calculates the asset's remaining life as the estimated life minus the number of years and months from the date placed in service through the date you last calculated depreciation for the asset (shown in the Current Through date column).

Depreciable Basis

To calculate the depreciable basis, the system starts with the asset's original acquired value and then subtracts any salvage value if applicable for the depreciation method.

(+) Salvage Value

Salvage value is an estimate of an asset’s worth at the end of its useful life. The Salvage Value column displays an asset’s salvage value only if the asset’s depreciation method uses salvage value in its depreciation calculation. For example, if you are using a straight-line method, the asset’s salvage value, if any, appears in this column.

Through Date

This column shows the date depreciation was last calculated for the asset. This date is the same as the current through date displayed in Asset Detail of the asset.

(-) Current Accumulated Depreciation

This column shows the current accumulated depreciation that the system calculated through the date shown in the Current Through date column.

(=) Net Book Value

The system calculates the net book value as shown in the following equation:

   (Depreciable basis + Salvage value)
 - Current accumulated depreciation
    Net book value

Percent Depreciated

This column shows the percentage of the asset's total depreciation expense taken to date. The system calculates depreciation as shown in the following equation.

Current accumulated depr. / Depreciable basis  =  Percent depreciated