The Fixed Assets application provides for the maintenance and reporting of asset depreciation and contract amortization. The application is designed to calculate and print depreciation schedules and reports based on data entered through file maintenance programs. Standard depreciation and cost recovery methods supported by the application include straight line, sum-of-the-years' digits, declining balance, and Accelerated Cost Recovery System. Each asset can be set up under one or more of these depreciation methods. Records are maintained on a fiscal year basis.
The APPX Fixed Assets application is designed to operate by itself, or as an integrated part of the APPX Financial Applications System.