Transaction Number
This number is assigned by the system each time depreciation is calculated for a fixed asset.
Date
This is the date when the depreciation was calculated.
Asset
This is the unique identification code of the fixed asset.
Description
The full description of the fixed asset is displayed in this field as it was entered in the fixed asset screen.
Ledger
The ledger of the accumulated depreciation account associated with the fixed asset appears in this field.
Account
This field displays the accumulated depreciation account associated with the fixed asset. It is in this account where the accumulated depreciation for this fixed asset is stored.
Depreciation Amount
The amount by which the fixed asset was depreciated on the date shown in the Date field is displayed in this field.
In order to display the following fields that are on the lower portion of this two-part screen press the NEXT <F7> button.
Depreciation Expense Ledger
This is the ledger of the expense account for the asset.
Depreciation Expense Account
This is the account where the depreciation amount is expensed. This account was assigned to the asset when the asset was entered into the Asset master file.
Depreciation Amount
This is the amount of the depreciation posted to the fixed asset expense account on the date shown in the Date field of this screen. This amount should be the same as the accumulated depreciation amount shown above.