Depreciation Guru

Depreciation Experts Since 1991

Asset Acquisition Reporting will be the topic of our fourth depreciation reporting post.
This report displays all of the assets acquired between the selected period begin and end dates.  The selected periods can be:

• A single month
• 3 months or a quarter
• 6 months or half the year
• 12 months or the entire year
• Any number of months to show year-to-date

When constructing an asset acquisition report, the columns of the report should include:

1. Asset Number - unique asset identifier
2. Description
3. General Ledger Code – associated G/L code for this acquisition
4. Acquisition Date  – the date when the asset was acquired
5. Cost – purchase price of the asset

Here you can view a sample asset acquisition report to see what one generally looks like (click the image for a larger, clearer view):

This report is typically run with filtering to select a subset of acquisitions.  It can then be used to review all purchases for a specific period or periods for a given entity.  An example would be, all the purchases in the first quarter for the sales department.

For more information on depreciation reporting, take a look at a few other posts addressing the subject.  Also, if there is anything that you would like more information on, or should you have any questions, please ask us below or on the questions page.