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Fixed Asset Depreciation & Rollforward
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Last update: December 1, 2025
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FOR EDUCATIONAL PURPOSES ONLY
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This file is just for educational purposes and to show what a fixed asset rollforward workpaper might look like.

Disclaimer: There might be formula mistakes and/or differences on how your company needs to account for certain fixed assets
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"Fixed Asset Rollforward" Tab
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-All columns under the "invoice details" header are hardcoded inputs that you must enter
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-When adding new rows be sure to grab all formula columns, starting with "Useful Life End Date" and drag them down
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-The formulas do cumulative catch ups so you need to either 1) add the earliest period where there is depreciation as a column or 2) hard code the first period with total depreciation to date for each vendor
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Depreciation Rules
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-The "placed in service" column determines when depreciation begins
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-Depreciation is done on a daily basis
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-A cumulative expense catch-up is performed if an invoice GL date is a month after the start date of the depreciation period
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Journal Entry Tab
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-Everything should be automated from the Fixed Asset Rollforward tab
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-If you need more columns in your journal entries then add a column and copy the formula as appropriate
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-You must update the date on the "Fixed Asset Rollforward" tab" cell "A3" to the last day in the period being reconciled
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