Tax Reserve Ledger Report

  Hi all

 

1. Can you all explain to me how this key works as it pertaining to assets:

R= Reclass

P= Partial Retirement

F= Full Retirement

T= Transfer Out

N= Non-depreciating assets

Especially for N- Non- Depreciating Assets, if they are not depreciation why are they reflected on the report? I notice that assets that are Transfered or Retired are reflected on it. assets transfered  from one company to the next is reflected on the report under the old company and the new company once depreciation was calculated in the financial year.Why??

2. How does the report treat an asset that has its cost adjusted to a smaller figured than th initial cost. Will it calculate a negative depreciation on the initial allowance if all of it was already taken?