Asset Depreciation by Category Report

Owned by Enterprise IT
May 10, 2024

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The Asset Depreciation by Category report displays the depreciation of Assets of a particular Category for the selected financial year to expense their assets. The net value of the Asset on the books of the organization is the Asset Account minus the accumulated Depreciation Account.

Admin or Analyst can access the report based on access privileges assigned through roles.

 Additional Information

This report is primarily designed to display the recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible.


For information about Asset Management reports, see Viewing Reports.

Steps to Access Asset Depreciation by Category Report

To view the Asset Depreciation by Category Report, perform the following steps:

  1. Navigate to Reports > Asset Management > Asset Depreciation by Category Report.

  2. Click FILTERS on the ACTIONS panel to specify the filter criteria for generating the report.
    The FILTERS pop-up appears.


    Figure: FILTERS Pop-up

  3. Enter or select the values for Filter fields as described in the following table.

    FieldDescription
    TenantTenant is similar to department in an organization, example : Operations, IT. Select the Tenant name from the list. This is a mandatory field. For more information, see Configuring Tenants.
    Category Type Select the type of the category. This is a mandatory field.
    Gaap TypeSelect the type of Gaap from the list to expense their Assets. The list values are India GAAP and US GAAP. This is a mandatory field.
    Type of Act

    Select the type of the act. This listed values are:

    • Income Tax Act
    • Company Act
    Financial YearSelect the financial year from the drop-down list for which period you want to display the report. This is a mandatory field.
    Type

    Select the type of the year. The listed values are:

    • Monthly
    • Quarterly
    • Yearly
    QuarterlySelect the year of the quarter.
  4. Click SUBMIT. 
    The Asset Depreciation by Category Report is displayed.

Figure: ASSET DEPRECIATION BY CATEGORY REPORT: By Company Act


Figure: ASSET DEPRECIATION BY CATEGORY REPORT: By Income Tax Act

Click the Refresh Report to fetch latest details for the report. Any changes performed after the Reports page was loaded, will reflect if you click on Refresh Report .

ACTIONS

You can perform the following actions from the ACTIONS  panel of the Asset Depreciation by Category Report page.

IconAction

Prints the displayed report records. 

Exports the displayed records on the page to a Microsoft Excel sheet.

Exports the complete list of report records to a Microsoft Excel sheet.