Fixed Asset Betterment Inquiry (1 of 2) (FBT1)

Fixed Asset Betterment Inquiry (1 of 2) (FBT1) displays one entry for each fixed asset and one entry for each betterment to the asset. You can view this inquiry from two windows. The first window (FBT1) stores all data except the equity distribution. The second window (FBT2) stores the equity distribution for the original asset or the betterment.

Information on this window is added and modified by the Fixed Assets Document Processors. The depreciated amounts are updated by the Depreciation process. A disposed asset's betterments are deleted by the Disposition Purge process.

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Fixed Asset Type

Key field. Enter the fixed asset type of the fixed asset.

Fixed Asset Number

Key field. Enter the fixed asset number of the fixed asset.

Betterment Number

Key field. Enter the fixed asset betterment number of the fixed asset.

Description

The description of the original asset or betterment is displayed.

Model Number

For equipment and vehicles, the model number of the original asset or betterment is displayed.

Serial Number

For equipment and vehicles, the serial number of the original asset or betterment is displayed.

Project

The project with which this fixed asset is associated is displayed. When applicable, the project provides account information for a Construction in Progress (CIP) reversing entry.

Area

The area of the original asset or betterment for land, buildings, and improvements is displayed.

Manuf Number

The manufacturer from which the original asset or betterment was acquired is displayed. This number is inferred from Vendor (VEN2).

Plat Number

Parcel, plat, or block and track number that identifies the location of the original asset or betterment is displayed.

Units

The number of units for disposal is displayed.

Vendor

For equipment and vehicles, the vendor is displayed.

 

If Y is displayed, the alternate address on Vendor (VEN2) is to be used.

Vendor Name

The name of vendor is displayed. This field is inferred from Vendor (VEN2).

Salvage Value

The total salvage value for this asset, including all betterments is displayed.

Memo Disposition Value

Anticipated sale amount or actual amount expected on sale is displayed. This field may differ from the salvage or valuation amount.

Acquisition Method

The acquisition method is displayed. This field is inferred from Acquisition/Disposition (FADM).

Closing Costs

Total of brokerage fees, legal fees, and other closing costs associated with the acquisition of this betterment is displayed.

Acquisition Date

The date ( mm dd ccyy ) the Fixed Asset Acquisition (FA) document established this betterment.

Disposition Method

The disposition method for this asset is displayed. This field is filled in by the entry of new Fixed Asset Disposition (FD) documents.

Condition

The condition of the asset is displayed.

Cost Type

The cost type of the fixed asset is displayed.

Insurance Policy Type

The insurance policy type for the fixed asset is displayed.

Commodity Code

The commodity code of the fixed assets is displayed.

In Service Date

The date ( mm dd ccyy ) the original asset or betterment was put into service.

Disposition Date

The date ( mm dd ccyy ) of the disposition for this asset is displayed.

Last Inventory Date

The date ( mm ccyy ) when this asset was last inventoried is displayed.

Selling Price

If the asset has a proprietary fund, the amount used to calculate a gain or loss is displayed. Otherwise, this field is blank.

Purchase Authority

The number of the purchase order or voucher that authorized purchase of this betterment is displayed. For fabricated assets, this is the job number.

Book Value

If the asset has a proprietary fund, the Net Book Value (NBV) equal to summary asset value minus summary accumulated depreciation is displayed. If not, a proprietary fund or memo depreciation is used. Then, the Net Book Value (NBV) equals summary asset value.

Asset Value

The total value of this betterment is displayed.

Disposition Authority

The source of the authorization for this disposition is displayed.

CIP Reversal Entry

If selected [ Y ] the system will make a Construction in Progress (CIP) reversal entry to the project's Construction In Progress (CIP) balance sheet account for the proprietary, internal service, or enterprise fund.

Warranty Type

The type of warranty (if available) obtained when the asset was acquired is displayed.

Duration in Days

The duration in days of the warranty (if available) is displayed.

Agreement Number

The maintenance number (if available) is displayed.

Effective Date

The date on which the agreement (if available) goes into effect (mm dd ccyy) is displayed.

Expiration Date

The date on which the agreement (if available) expires (mm dd ccyy) is displayed.
Description

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Additional descriptions for the asset or betterment are displayed.