Fixed Asset Depreciation Schedule

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Cover User
Cover User




Fixed Asset Depreciation Schedule

I have taken on a client and received a copy of a depreciation report produced in AO Claasic I believe. The previous accountant had pooled the assets under various categories (i.e.. Plant & Equipment, Motor Vehicles & Office Furniture & Equipment). The problem I am facing is that there appears to have been historic entries that relate to asset sales in the Motor Vehicle pool which generated a "Consolidated Sold Assets" value in the schedule. I am unable to identify what the real pool balance is as the opening written down value when applied to the 30% pooling rate dos not equate to the depreciation expense. Can you kindly provide any comments to assist me with this matter as I am very unsure how to interpret this report and I need to move forward with some urgency.

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