Asset Location [R1005]

 

The Asset Location report [R1005] shows the physical location of the assets in the portfolio. This location is the basis for sales/use tax calculations.

The report may be accessed through the Asset report menu [R10] and may be interactively selected for:

• All states, counties and cities
• A state
• A county
• A city

 

Asset Location Selection

• ALL
  Enter X to report on all states, counties and cities. Leave blank to report on assets in a specific state, county and/or city.
  
  
• STATE
  Enter the state code (the 2 letter post office abbreviation) upon which to report. Leave blank if reporting on all states.
  
  
• COUNTY
  Enter the county code (the up-to-4 letter county abbreviation) upon which to report. Leave blank if reporting on all counties and cities for a specific state.
  
  Note: In order to handle county level taxes for Australian states, a standalone conversion program is required.

• CITY
  Enter the city code (the up-to-4 letter city abbreviation) upon which to report. Leave blank if reporting on all cities for a specific state and county.

 

Asset Location Report

The Asset Location report [R1005] reports at the asset level and provides the following information:

• LEASE
  The current lease number is displayed for assets on lease. For 'pre-inventory' assets (assets which have never been on lease), no lease number is displayed. For assets which have been on lease but have moved off lease (i.e., through the Payoff or Termination options of the Payoff update [U0103]), the last lease number of the asset is displayed.
  
  
• ASSET
  The asset number is displayed.
  
  
• ST
  The 2 letter abbreviation of the asset's state location is displayed. If applicable, the tax rate for this state is used to calculate and assess use tax for the asset.
  
  
• COUNTY
  The county location of the asset is displayed. If applicable, the tax rate for this county is used to calculate and assess use tax for the asset.
  
  
• CITY
  The city location of the asset is displayed. If applicable, the tax rate for this city is used to calculate and assess use tax for the asset.
  
  
• EQUIPMENT STATUS
  The asset status code is displayed. Refer to the Status Codes document for a list of asset status codes and their meanings.
  
  
• ORIGINAL COST
  The acquisition cost of the asset is displayed.
  
  
• DEPRECIATION LTD BOOK
  The life-to-date book depreciation of the asset is displayed.
  
  
• BOOK VALUE
  The book value of the asset is displayed. It is calculated as follows:

  ORIGINAL COST
  - DEPRECIATION LTD BOOK

• TOTALS
  Page totals for the number of assets and all dollar amounts are shown by office. Region, company, portfolio and grand totals are shown for the number of assets and all dollar amounts.

 

LeasePak  Reference Guide

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