Dear experts,
Hopefully I can seek help here. I have no mentor and have no one else to ask as everyone else is busy. Alright, here's the question.
My client wants to have a summary asset value report. Below are the requirements:
1) categorized/grouped by Evaluation Group 5
2) monthly asset value report, specifically as at end date of the month
3) columns as followed:
i) Cost
a) Balance b/f previous month
b) Addition (in current month)
c) Written off/Disposal (in current month)
d) Balance c/f
ii) Depreciation rate
iii) Accum. depreciation
a) Balance b/f previous month
b) Charges (in current month)
c) Written off/Disposal (in current month)
d) Balance c/f
iv) Net Book Value (this month)
v) Net Book Value (previous month)
Which fields do I pull from which table? I of course have tried and I think I got few correct. But I'm not so sure.
For the depreciation rate = (1/useful life), since useful life is defined as asset/asset level but not evaluation group (hence classes in the same evaluation group might have different useful life), based on your experience, what should be the best logic to use in this report? So happen that this client gives same useful life for the asset classes in the same evaluation group.
Thank you beforehand!