| 1 |
Change the class code on each component to 751. |
| 2 |
When you prepare your Capital Asset note at year-end, make manual adjustments on the SPA CAAB101 report to ensure that:
- in the Non-Depreciable Assets section, line item Other Assets:
- the beginning balance equals the amount specified in the Financial Reporting Section’s reporting requirements.
- the adjustment column shows a decrease equal to the total amount reclassified to Class Code 751 in step 1.
- the additions column equals FY05 purchases only.
- the deletions column equals FY05 deletions only.
- in the Depreciable Assets section, line item Other Assets:
- the beginning balance equals zero (if there were no other assets in this category).
- the adjustment column equals the total amount reclassified to Class Code 751 in step 1. This should be a positive amount.
|
| 3 |
On the SPA CAAB201 report, ensure that the line item Other Assets:
- has a beginning balance equal to zero (if there were no other assets in this category).
- the adjustment column equals the depreciation expense for all prior fiscal years.
- the additions column equals FY05 depreciation expense only.
- the deletions column equals FY05 deletions only.
|