| Fixed Assets: Calculating Net Book Value [message #157736] |
Sun, 05 February 2006 00:30  |
murad_tamimi
Messages: 12
Registered: December 2005
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Junior Member |
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Hi,
Can anyone provide me with a formula for calculating the NBV in oracle fixed assets. I am using Oracle Discoverer to extract some reports, but i could not get the NBV. So is it calculated? How is that accomplished?
Please help.
Regards,
murad
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| Re: Fixed Assets: Calculating Net Book Value [message #157840 is a reply to message #157736] |
Mon, 06 February 2006 09:56  |
David.K.Dickson
Messages: 413
Registered: October 2005
Location: Surrey, England
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Senior Member |
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The NBV (Net Book Value) is calculated as the Asset Cost less the Life-to-Date Depreciation. Thus, if we bought the asset for 120 and we have depreciated the asset at 1 per month for the last 52 months, the Life-to-Date Depreciation will be 52 and the NBV will be (120-52) 68.
HTH
David.
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