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TitleCreate Assets Template
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DescriptionThis template serves to allow users to create fixed assets
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Common Uses1. Create Fixed Assets
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Column
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TypeDescriptionRequired?Notes / Options
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Client Name75textName of Client associated to the property of the assetRequired
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Legal Entity Name75textName of Filing Entity associated to the property of the assetRequired
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Legal Entity Number50textNumber of the Filing Entity associated to the property of the assetRequired
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State2textState of the property associated to the assetRequired
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Property Number50textNumber of the Filing Entity associated to the property of the assetRequired
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Asset Number50textUnique identifier of the AssetRequiredMust be unique by client
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Asset Acquisition Date10dateThe date the asset was acquiredRequiredMM/DD/YYYY
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Cost Type20textAsset Cost TypeRequiredRoll Forward, Addition
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Tax Year4integerThe Tax Year for which the asset should be associated to the propertyRequired
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Alternate Asset ID50textThe asset identifier from the Fixed Asset system. May, or may not, be the same as Asset Number.Optional
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Original Cost20decimalCost when asset was originally acquiredOptionalRequired 99% of the time when depreciation via cost. If supplying a rendered value (see field below) then this is not needed
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Rendered Market Value20decimalRendered Market value of the assetOptionalMost of the time RV is calculated by depreciation but few cases where it cannot, like owning a car the RV is the value of the car, you don't really depreciate.
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Assessor100textAssessor of the Account associated to the assetOptionalUltimately required but not required for import as this can be classified within the system.
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Assessor Account Number100textNumber of the Account associated to the assetOptionalUltimately required but not required for import as this can be classified within the system.
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Historical Asset Number50textHistorical Asset NumberOptionalNot used within the system but this may be helpful to the client.
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Asset Class100textAsset ClassOptionalUltimately required to depreciate and file a return, but not required for import as you can classify within the system.
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Asset Description100textA brief description of the assetOptionalNot on forms but could be on an asset listing attachment.
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Asset Description 2200textA brief description 2 of the assetOptionalNot on forms but could be on an asset listing attachment.
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Economic ObsolescencedecimalThe asset's economic obsolescence, used to determine opinion of valueOptionalup to 4 decimals
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Functional ObsolescencedecimalThe asset's functional obsolescence, used to determine opinion of valueOptionalup to 4 decimals
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Client Cost Center50textA brief description of the assetOptionalFor accounting
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Asset Location100textAsset LocationOptionalNot used within the system but this may be helpful to the client.
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Asset GL Code / Alternate Account Number
50textAsset GL Code / Alternate Account NumberOptionalFor accounting
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Asset Life4textAsset LifeOptionalNot used within the system but this may be helpful to the client.
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Asset Rebook Date10dateAsset Rebook DateOptionalMM/DD/YYYY
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Asset Rebook Cost20decimalAsset Rebook CostOptional
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LTD Depreciation20decimalAsset LTD DepreciationOptionalUsed in states like SC that require printing the LTD depreciation
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Original Assessor100textOriginal Assessor of the Account associated to the assetOptionalUsed for transfers. If blank will be set to assessor
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Original Assessor Account Number100textOriginal Number of the Account associated to the assetOptionalUsed for transfers. If blank will be set to assessor account number
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Notes255textAsset NotesOptionalNot used within the system but this may be helpful to the client.
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