For purposes of calculating journal entries for depreciation, gain or loss on dispositions, and adjusted basis when assets are traded in on other fixed assets.
Please enter this information when your account is set up on all fixed assets used in your business as well as any additions in following periods.
If you dispose of any fixed assets, please advise and indicate on the deposit register the amount received. If the asset disposed of was traded in on a new acquisition, please let us know at the time of adding the new asset on the form. (Use the comments box at the bottom of the form.)