You use this program to produce a schedule of Tax values for assets that were disposed of using the Asset Disposal program.
| Field | Description |
|---|---|
| Report sequence | Indicate the sequence in which to generate the report. |
| Asset group within location | Select this to generate the report by asset Location, with asset Group sub totals within each location. |
| Asset group | Select this to generate the report by asset group.
Totals are printed for each asset group. |
| Asset branch | Select this to generate the report by asset branch.
Totals are printed for each asset branch. |
| Cost center within branch | Select this to generate the report by the asset branch, with asset cost center sub totals within each branch. |
| Report type | |
| Detail | Select this to generate a report listing information held against each individual disposed asset selected. |
| Summary | Select this to generate a report listing only the totals according to the report sequence selected. |
| Depreciation period |
Indicate the period to which to print the disposal tax values on the report. This defaults to the current asset period, but can be changed to any period within the current Asset Register year. |
| Field | Description |
|---|---|
| Asset selection | Indicate the assets for which to generate the report. |
| Group selection | Indicate the asset group(s) for which to include disposed assets on the report. |
| Cost center selection | Indicate the cost center(s) for which to include disposed assets on the report. |
| Asset branch selection | Indicate the asset branch(es) for which to include disposed assets on the report. |
| Location selection | Indicate the asset location(s) for which to include disposed assets on the report. |
These options enable you to apply a theme to the report and to define multiple output destinations for the report once it has been compiled (SRS Output Options).
The values for each asset are calculated as follows:
Net Tax Value
Original Cost/Value less Accumulated Tax allowance B/F less Tax allowance this YTD
Capital Gains Profit / Loss
Net Value realised less Capital Gains Value
Tax Value Profit/Loss
Net Value realised less Net Tax Value
The Net Value Realized is the Disposal amount (i.e. Proceeds received from disposal less the Cost of disposal as entered using the Asset Disposal program.
Tax Allowance this MTD
Indicates the month to date tax depreciation value for the current month.