Fixed Asset Management

Fixed Asset
Management
LOGO
October, 2012
LOGO Tiger Plus
Contents
Fixed Asset Management .......................................................................................................................4

Fixed Asset Definitions.......................................................................................................................5
Fixed Asset Info ............................................................................................................................7
Alternative Parameters ..................................................................................................................8
Fixed Assets Cost Increasing Expenses............................................................................................9
Function Augmenter Expense .....................................................................................................9
Fixed Asset Records .................................................................................................................... 11
Fixed Asset Record Info ............................................................................................................... 12
Fields of Russian Legislation ......................................................................................................... 14
Production Quantity..................................................................................................................... 15
Fixed Asset Record F. Currency Info ............................................................................................. 16
Previous Period Info .................................................................................................................... 17
Alternative Parameters ............................................................................................................ 17
Inflation Accounting Parameters and Alternative Parameters ........................................................... 18
Yearly Cost ROFM Entry ............................................................................................................ 18
Depreciation and Valuation Tables ................................................................................................ 19
Depreciation Table Info ............................................................................................................... 20
Start Info ............................................................................................................................... 20
Pre-Valuation Info ................................................................................................................... 21
Post-Valuation Info .................................................................................................................. 21
Depreciation Table (Inf. Accounting) ......................................................................................... 24
Custody Records ......................................................................................................................... 25
Maintenance Info ........................................................................................................................ 26
Warranty Info ............................................................................................................................. 27
Decrease / Increase of Fixed Asset Value ...................................................................................... 28
IFRS Fixed Asset Value Increase/Decrease .................................................................................... 30
Fixed Asset Depreciation Tables in International Sets ..................................................................... 31
Stopping Depreciation Calculation ................................................................................................. 32
Fixed Asset Input/Output Operations ................................................................................................ 36
Fixed Asset Purchase Operations .................................................................................................. 36
Fixed Asset Record Info ............................................................................................................... 36
Fixed Asset Expenses .................................................................................................................. 36
Fixed Asset Purchase Return Operations ....................................................................................... 38
Fixed Asset Sales Operations ........................................................................................................ 38
Fixed Asset Sales Return Operations ............................................................................................. 38
Fixed Asset Transactions.............................................................................................................. 39
Table Transactions ...................................................................................................................... 39
Fixed Asset Operations ................................................................................................................ 40
Custody Slip............................................................................................................................ 41
Custody Record Entry in Batch ................................................................................................. 45
Operations ..................................................................................................................................... 46
Batch Depreciation/Valuation Calculations ..................................................................................... 46
Inflation Accounting Parameter Update ......................................................................................... 47
Alternative Inflation Accounting Parameter Update ......................................................................... 48
Posting of Difference in Fixed Assets Inflation Adjustments ............................................................. 49
Depreciation Closing .................................................................................................................... 49
Undo Depreciation Closing ........................................................................................................... 51
Posting Depreciations ...................................................................................................................... 52
Fixed Asset Defaults in G/L Connection Codes: .............................................................................. 52
Fixed Asset Management 2/71

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G/L Codes on Fixed Asset Cards: .................................................................................................. 52

Entering G/L Codes Through the Depreciation Table: ..................................................................... 52
Posting Operations: ..................................................................................................................... 52
Posting Flag ................................................................................................................................ 52
Pro-rata Depreciation .................................................................................................................. 54
Fixed Asset Reports ......................................................................................................................... 61
Fixed Asset List ........................................................................................................................... 61
Fixed Asset Summary .................................................................................................................. 61
Inflation Accounting Fixed Asset Status ......................................................................................... 62
Fixed Asset Inputs....................................................................................................................... 62
Fixed Asset Trial Balance ............................................................................................................. 63
Depreciation Tables ..................................................................................................................... 63
Inflation Accounting Depreciation Tables ....................................................................................... 64
Alternative Depreciation Tables (Inflation Accounting) .................................................................... 65
Fixed Assets Inflation Differences Report....................................................................................... 66
Fixed Assets Alternative Inflation Differences Report ...................................................................... 67
Depreciation Summary ................................................................................................................ 68
Revaluation Summary .................................................................................................................. 69
VAT List ..................................................................................................................................... 70
Monthly VAT Totals ..................................................................................................................... 71
Custody Records ......................................................................................................................... 71

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Fixed Asset Management

All the commodities used by a company to sustain its activities are called fixed assets. Fixed assets differ
from other commodities in terms of how they are stated in the companys list of assets, VAT calculations and
purchase/sales operations. Therefore, fixed assets have to be tracked separately.
A certain percentage of the purchase price of a fixed asset is allocated as depreciation every year.
Depreciation can be defined as a decrease in assets value due to wearing or ageing. However, in addition to
this application, the value of the fixed asset may increase due to changes in market conditions or high
inflation. Hence, current laws allow revaluations for fixed assets in addition to depreciation. Revaluation
rates are determined by the Ministry of Finance every year.
Depreciation is applied using the normal depreciation and declining balances methods. Companies may
revaluate their fixed asset using both methods. Both methods allow depreciation and revaluation.
A material card is opened for each fixed asset that is in possession or sold. Fixed asset information is
entered through this card. Fixed asset transactions are recorded on slip lines by creating a link with the
Fixed Asset card.
Please check the Administration document for Fixed Asset Management parameters.

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Fixed Asset Definitions
Fixed asset information is kept on a separate card for each fixed asset. Related transactions are performed
through fixed asset cards. Fixed asset definitions are recorded using Fixed Asset Cards option located under
the Definitions menu of the Fixed Asset Management section.
New asset cards are opened and existing cards are processed using the related menu options of the Fixed
Asset Definitions list.
New Used to create a new fixed asset card
Update Used to modify record information.
Delete Used to delete the fixed asset. This option becomes active only when
the cards with the Passive status are selected.
View Used to view the material card. The information displayed using this
option cannot be changed.
Copy Used to copy selected card information into a new card.
Database Extensions Used to display additional fields defined by the user on Logo Object
Design.
Multiple Delete Used to delete the selected fixed assets in batch.
Material Class Used to establish class assignments.
Assignments
Material Transactions Lists the transactions of the fixed asset according to the specified filter
conditions.
Order Transactions Lists the order transactions of the fixed asset according to the specified
filter conditions.
Demand Transactions Lists the demand transactions of the fixed asset.
Planned Transactions Lists all planned transactions of the fixed asset and their effect on the
Tracking inventory starting from the report date.
Distribution Orders Used to list the Distribution Orders from the Fixed Assets list and to
view fixed asset transactions.
Fixed Asset Records Used to record fixed asset information such as purchase date, cost and
depreciation start.
Purchase Prices Used to specify the Purchase Prices of the selected record.
Sales Prices Used to specify the Sales Prices of the selected record.
Warehouse Used to record the warehouse parameters of the fixed asset.
Parameters
Work Flow History Displays the work flow history for the fixed asset if the Work Flow
Management feature is used.
Status Used to track the general status information of materials in all
warehouses.
Purchases Used to track the monthly totals of fixed asset purchase transactions in
Local Currency and Reporting Currency.
Sales Used to track the monthly totals of fixed asset sales transactions in
Local Currency and Reporting Currency.
Status Chart The option used to graphically display the general warehouse status of
the fixed asset.
Warehouse Totals Used to track the status of the fixed asset in related warehouses.
Purchase F.C. Totals Lists fixed asset purchase transactions along with transaction currency

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and reporting currency information.

Sales F.C. Totals Lists fixed asset sales transactions along with transaction currency and
reporting currency information.
Extract Lists the Total Amount and Quantity information of Material
Transactions within certain dates along with the slip information.
Search Used to search for the requested record in the Fixed Assets list sorted
by code or description. When each character is entered for the code or
description, the cursor will go to the line starting with that character.
Filter Used to list fixed assets by specific criteria.
Print (Label) Used to print the fixed asset information to label form.
Print (Letter) Used to print the fixed asset information to letterform.
Record Information Displays the time and the user of the first registry and the last
modification of the record.
Number of Records List the total number of records and the number by card type on the
Fixed Assets list
Refresh Used to update fixed asset info.
Back to Defaults Used to return the window dimensions into the application default.

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Fixed Asset Info
New fixed assets are defined using New option on the Fixed Asset Definitions list.
The properties of fixed asset definitions are similar to material definitions. Fields on the general info window
are used to record general information (code, description, Aux. code, authorization code, producer code) for
the material used as fixed asset.
Certain information to be used in fixed asset records and calculations is recorded using Fixed Asset
Information option on the card.
Default information to be used in depreciation calculations is recorded on the Table Parameters and
Alternative Table Parameters fields using Fixed Asset Info option.
Depreciation Type: The field used to specify the depreciation type to be applied to the fixed asset. Two
types of depreciation can be applied: Normal and decreasing balance. The depreciation specified on this field
is applied as default in depreciation calculations.
When Normal depreciation is applied, the value of the Fixed Asset is reset within a certain period of time
and by applying equal deductions. The record defaults to be used in calculations are specified.
When Declining Balances is used, the value of the Fixed Asset diminishes each year for the specified
Depreciation Rate. The depreciation value of the next year is calculated over the actual value of the fixed
asset. In this way, the balance (remaining fixed asset value) decreases each year.

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In the last year of the depreciation period, all the past values of the fixed asset are allocated as depreciation,
and the fixed asset value is equalized to zero.
Depreciation Rate: The rate used to calculate the depreciation share. The rate entered here is transferred
as default into purchase slips.
The depreciation rate for normal depreciation method is 20%, while the rate for decreasing balances (in
other words, accelerated depreciation) is 40% minimum.
The depreciation rate for fixed assets purchased before 1 January 1995 is 25% if normal depreciation is
used, and 50% if declining balances is used.
Depreciation: The period between the start and end of depreciation allocation for the fixed asset. The
selected depreciation rate and the depreciation duration calculated using the specified depreciation rate is
automatically transferred into this field.
Revaluation: This field is used to specify whether or not the fixed asset will be revaluated. Revaluation can
be applied to tangible assets that are subject to depreciation. Companies that keep books according to the
balance sheet method, and companies that have abroad operations can revaluate their domestic assets.
When revaluation is performed, assets are displayed on the balance sheet with high values, and depreciation
can be allocated through revaluated values. The revaluation factor is defined by the Ministry of Finance and
updated yearly.
Revaluation is performed separately for each fixed asset. Fixed assets purchased within the same year
cannot be revaluated.
Revaluation Depreciation: Indicates whether or not depreciation will be applied to revaluation amounts.
The selection made here is transferred as default into fixed asset invoices.
Pro-rata Depreciation: Pro-rata Depreciation indicates the depreciation calculation performed by

processing the number of months from the date of purchase to the end of the year. Pro-rata depreciation is
currently applied to passenger cars only. All Fixed Assets other than passenger cars are subject to yearly
depreciation. Only half of the surcharges for vehicles are accepted as expenses. Expenses increasing the
economic value of the vehicle are included in the original cost. Maintenance expenses are not included in
cost.
Expense: Indicates that the defined fixed assets depreciation will not be calculated by its own but it will be
calculated by the fixed asset that will be used as expense. This info is important in redemption of cost
increasing expenses.
Alternative Parameters
Depreciation tables can be obtained as two separate tables by selecting different parameter values and
calculation methods. Alternative parameter values to be used in depreciation and revaluation calculations are
recorded using Alternative Parameters option on the Fixed Asset Record window.
Scrap Value: The scrap value field is used to enter the last value for which the depreciation will not be
allocated for the fixed asset. In this way, the net book value of the fixed asset will not ever be equal to zero.
Fixed Asset Type: The type information used to group fixed assets.

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Fixed Assets Cost Increasing Expenses
Cost increasing expenses for the fixed assets can be expenses made to increase the usage longevity or can
be function augmenter expenses that do not increase the usage life but their function and utility.
Usage Longevity Expenses
The longevity expenses for usage are covered by the beginning of the activation year and in the duration of
the fixed asset that they have been applied to.
Example:
Fixed Asset Usage Longevity Expenses
Buying Year Buying Value Depreciation Accumulated Net Book Value

Rate Depreciation
(%20)
1995 6.000,00 1.200,00 1.200,00 4.800,00
1996 6.000,00 1.200,00 2.400,00 3.600,00
1997 6.000,00 1.200,00 3.600,00 2.400,00

800,00 160,00 160,00 640,00
1998 6.000,00 1.200,00 4.800,00 1.200,00
800,00 160,00 320,00 480,00
1999 6.000,00 -- 5.999,99 0,01
800,00 160,00 480,00 320,00
2000 6.000,00 -- -- 0,01
800,00 160,00 640,00 160,00
2001 6.000,00 -- -- 0,01
800,00 160,00 800,00 0,00
Function Augmenter Expense
This type cost increasing expenses, increase fixed assets functions and their utility in their physical life.
Example:
Fixed Asset Function Augmenter Expense
Buying Year Buying Value Depreciation Accumulated Net Book Value

Rate Depreciation
(%20)
1995 1.000,00 200,00 200,00 800,00
1996 1.000,00 200,00 400,00 600,00
1997 1.000,00 200,00 700,00 600,00

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300,00 100,00
1998 1.000,00 200,00 1.000,00 300,00
300,00 100,00
1999 1.000,00 199,99 1.299,99 0,01
300,00 100,00
These expenses are defined by fixed asset records. The fixed assets (defined as expense") depreciations
are calculated over the fixed assets that are used as expenses.
Assigning expenses to fixed assets can be done by
Assign Longevity Expense

Assign Function Augmenter Expense
options located in F9/right mouse button menu of the fixed assets.
The depreciation of expenses is calculated with fixed asset. Depreciations separated for expenses are
tracked by depreciation table of expense item. For related expense item, an additional depreciation
calculation is not done.
The fixed asset used as expense can be connected with only one fixed asset record. When it is wanted to be
connected with another record, the previously built connection has to be broken.
The expenses connections of which depreciations are calculated cannot be broken. If its depreciation has
not been calculated, using Shift + Del key combination, the relation can be broken.
The depreciation values calculated for expense records are posted to G/L over fixed assets that are used
together. Over expense items, depreciation calculation and posting operations cannot be executed.
The expenditure transactions connected with fixed asset, are tracked by Fixed Asset Expenses option
located in F9/right mouse button menu of Fixed Asset Records.
When posting fixed asset transactions to G/L, expense items are posted to G/L with fixed asset records that
they are used together. On the fixed assets list, reached by Fixed Asset Code and Fixed Asset Description
filter lines of fixed asset posting filters, the expense type fixed assets are not taken part.
Association Date
During matching transaction at longevity and function augmenter expense assignment windows, when
Match button is clicked a window is opened which is used to enter the matching date. This window is used
if association date is wanted to be the date when the material is gotten into use and in case the association
date of the material is different from the materials purchasing / input from production invoice date which
will be matched with fixed asset. When associating the purchased material with fixed asset, its expense
reflection can be done in another date. If there are more then one records to be associated, the displayed
windows default date will be the current date; if a single record will be matched, the default date will be the
relevant slips date. Association date is displayed at fixed asset expenses window. If the expense to be
associated is a fixed asset, this records active date and depreciation beginning date is updated according to
association date and this date is considered when calculating depreciation.

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Fixed Asset Records
Information entered with fixed asset definition in order to be used for tracking purposes and purchase date,
cost and depreciation start information are recorded using Fixed Asset Records option located in the
F9/right mouse button menu of the Fixed Asset Definitions List.
When the application is used for the first time, record information of existing fixed assets is recorded using
Fixed Asset cards option located in the F9 menu of the fixed asset cards list. Afterwards, new record
information resulting from purchase or sales transactions is entered using Link to Fixed Asset Record
option located in the F9/right mouse button menu of the related transaction slip.
New Used to create a new fixed asset record.
Delete Used to delete the fixed asset.
View Used to view the fixed asset record. The information displayed
using this option cannot be changed.
Copy It copies the relevant fixed asset card info to another card. It is
used for quick data entry.
Database Extensions Used for user-defined forms.
Find Used to find a fixed asset.
Multiple Delete Used to delete the selected fixed assets in batch.

Depreciation Table Used to take depreciation table.
Depreciation Table Used to take depreciation table by alternative parameters.
(Alternative)
Depreciation Table (Inflation Used to take inflation accounting depreciation table.
Accounting)
Depreciation Table (Alternative Used to take inflation accounting depreciation table by
Inflation Accounting) alternative parameters.
Totals Used to display fixed asset totals.
Assign Longevity Expense Used to assign longevity expense to fixed asset. This option
takes place only in F9 menu of fixed assets that are not defined
as expense.
Assign Function Augmenter Used to assign function augmenter expense to fixed asset.
Expense This option takes place only in F9 menu of fixed assets that
are not defined as expense.
Fixed Asset Expenses Used to display fixed asset expenses.
Refresh Used to refresh fixed asset list.
Back to Defaults Used to return the window dimensions into the application
default.
Stop Depreciation In the event of working according to Russian legislation, this
option is used to stop monthly depreciation calculation of fixed
assets temporarily.
Lock Used for record based approval
Multiple Lock Used to approve selected records collectively.
Unlock Used to cancel record based approval.
Multiple Unlock Used to cancel record approvals collectively for the selected
records.
Custody Records Used to list and view custody record information of fixed

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assets.
Maintenance Info Used to record maintenance transactions of fixed asset.
Warranty Info Used to record warranty info belonging to the fixed asset.
Decrease / Increase of Fixed Used to enter new value of the fixed asset in the event of
Asset Value having any decrease or increase in the value of it.
Record Info Indicates the users who performed the entry and update
transactions of the selected record and the time of these
transactions. In the event of using history feature, it is possible
to list all users who proceeded on record.
IFRS Fixed Asset Value Within the scope of IFRS, it is used to enter new value of the
Increase / Decrease fixed asset in the event of having any decrease or increase in
the value of it.
Create Shortcut Used to create shortcuts of the records.
Send Shortcut Used to send the created shortcuts to related users.
Fixed Asset Record Info
Information entered with fixed asset definition in order to be used for tracking purposes and purchase date,
cost and depreciation start information are recorded using Fixed Asset Records option located in the
F9/right mouse button menu of the Fixed Asset Definitions List.
When the application is used for the first time, record information of existing fixed assets is recorded using
Fixed Asset cards option located in the F9 menu of the fixed asset cards list. Afterwards, new record
information resulting from purchase or sales transactions is entered using Link to Fixed Asset Record
option located in the F9/right mouse button menu of the related transaction slip.
When the fixed asset record is selected, the Fixed Asset Records List containing the record of the selected
fixed asset opens.
Fixed asset record information is entered using New option. The fields and functions of the window are:

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Record Code: The record code of the fixed asset. Depreciation calculations are performed according to
fixed asset record information.
Purchase Date: Indicates the purchase date of the fixed asset. Depreciations will be allocated depending
on this date and the selected depreciation type.
Active Date: Indicates the date on which the fixed asset was operational.
Quantity: The quantity of purchased or present fixed assets.
Cost: The cost of the fixed asset.
VAT Amount: The VAT amount calculated using the purchase amount and the VAT rate specified on the
fixed asset definition.
VAT Duration (Year): Indicates in how many years the VAT amount will be decreased.
Division: Division is a physical location that is connected to the headquarters of a company or organization,
and manages its own commercial transactions independently. This field is used to associate the fixed asset
record with one of the defined divisions of the company.
Department: Activities or activity groups within an organization, which are independent from each other in
terms of organization and accounting. This field is used to associate the stock transaction with one of the
defined departments of the company.
Project Code: It refers to the code of the project to which the relevant record is related. The existing
project cards are listed and the relevant definition is selected. When depreciation is calculated for the
relevant fixed asset record and posted to the General Ledger, this project code is transferred to the G/L
codes as default. (Projects are defined in General Ledger / Main Records menu.)
Depreciation Start: The depreciation start date.
Depreciation Type: The depreciation method specified on the Fixed Asset card and to be applied to
purchase transactions is transferred as default. If a different type of depreciation than that specified on the
card will be calculated, the types are listed and the related type is selected.
Depreciation Rate (%): The depreciation rate specified on the fixed asset card is transferred as default.
Depreciation Duration (Year): The depreciation duration calculated over the cost of the material using
the selected depreciation type and rate is automatically transferred into this field.
Revaluation: This field is used to specify whether or not the revaluation will be performed. The selection
made on the fixed asset card is transferred as default.
Revaluation Depreciation: Indicates whether or not depreciation will be applied to revaluation amounts.
The selection made on the card is transferred as default.
Extended Investment Discount: The investment discount scope of the fixed asset. The parameter
contains Yes and No options.
Investment Discount Rate (%): Indicates the discount rate to be applied for fixed assets covered by
investment discount.

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Inflation Indices: Indicates that the inflation indices of the fixed asset if the Inflation Accounting feature is
used.
Inflation Indices Alternative: Indicates that the inflation indices of the fixed asset for alternative tables if
the Inflation Accounting feature is used.
Actual Amount on Inflation Level: The amount to be processed if inflation accounting is used.
Actual Amount on Inflation Level (Alternative): The amount to be processed if inflation accounting is
used.
Yearly Cost Will Be Used: This option is checked if yearly costs will be used. Since this selection requires
investment cost in all stages of investments to be transferred to reports and corrected individually, the
investment date and amount are recorded using Yearly Cost and ROFM Input option located in the right
mouse button menu of the record card.
Fields of Russian Legislation
Record Type and Record Expense Location fields on fixed asset record are used to record the info that
is used in grouping the fixed assets according to their type and usages and are used to record related
expenses.
The fields on Depreciation part are used to record the termination date of depreciation calculation and the
termination reason.

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Production Quantity
Depreciation calculation method is used to save monthly production quantity on year basis for fixed assets
with production quantity. It is located in F9-right mouse button menu of fixed asset records window.
In production capacity window, monthly production quantity is saved by selecting the required year with
New button.
When year value is changed, production quantities are updated. Total of entered production quantities can
not be bigger than production capacity specified in fixed asset record.
Periodical depreciation amount is calculated as below.
[Monthly Production Quantity*( Input Cost - Salvage Value)]/Production Capacity
Example:
A calculation for a fixed asset of which input cost is 70.000 TL and salvage value is 10.000 TL and estimated
to produce 6.000 pieces during its service time:
Depreciable Expense= 70.000-10.000 = 60.000 TL
Depreciation amount per production unit= 60.000 / 6.000 = 10 TL
Annual production quantities are 1000, 1100, 1200, 1300, 1400 respectively.
In this case, depreciation table will be as below:
Opening Book Periodical Periodical Accumulated Year-end Book Value

Value Production Depreciation Depreciations
Quantity
70,000 1,000 x 10 x 1.000 = 10,000 60,000
10,000
60,000 1,100 x 11,000 21,000 49,000
49,000 1,200 x 12,000 33,000 37,000
37,000 1,300 x 13,000 46,000 24,000
24,000 1,400 x 14,000 60,000 10,000 (Salvage Value)

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Fixed Asset Record F. Currency Info
Foreign currency information for the fixed asset record is recorded using F. Currency Amount option
located in the F9 menu of the record window. The reporting currency for the record is recorded on the
window that opens.
The Reporting Currency type specified on the Company Working Information field is automatically
displayed on the foreign currency field. The F. Currency Amount field contains the foreign currency amount
calculated over the exchange rate read from the daily exchange rate table and the unit price entered on the
cost field. The exchange rate table is opened by clicking on icon on the Exchange Rate field and the
exchange rate for the required type or date is selected.
When information is entered into a field of the Transaction window, the values of the other fields are
recalculated by the application. If a different rate has to be applied to the transaction, the new value can be
directly entered into the Exchange Rate field or the exchange rate of the desired day is selected from the
Daily Exchange Rates table. In this case, the F. Currency unit price calculated over the new exchange rate is
calculated by the application and inserted on the F. Currency Unit Price field.

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Previous Period Info
Previous period information of the fixed asset is tracked using Previous Period Info option located in the
F9/right mouse button menu of the fixed asset record window.
When the application is used for the first time, valuation totals and accumulated depreciation amounts for
existing fixed assets are recorded on this window as opening information in local and reporting currency
amounts. Afterwards, the information will be automatically transferred into these fields as a result of
transactions performed.
Alternative Parameters
Depreciation tables can be obtained as two separate tables by selecting different parameter values and
calculation methods. Alternative parameter values to be used in depreciation and revaluation calculations are
recorded using Alternative Parameters option located in the right mouse button menu of the Fixed Asset
Record window.
The Alternative Parameters window is used to specify the depreciation type, rate, duration, and whether or
not depreciation will be allocated for revaluation and valuation.
The depreciation tables with alternative parameter values are displayed using Depreciation Table (Alternative)
option located in the right mouse button menu of the Fixed Asset Records list.
Calculating Depreciation Duration over Month at Pro-rata Alternative Depreciation Table
Depreciation Duration Type (Yr) / (Mth) option, located at alternative depreciation table, is used to
define fixed assets actual lifetime monthly. This option works when Pro-rata Depreciation is selected as
Yes and Depreciation Type is selected as Normal in alternative depreciation parameters.

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Inflation Accounting Parameters and Alternative Parameters
Parameters to be applied to depreciation tables if inflation accounting is used are specified using Inflation
Accounting Parameters and Inflation Accounting Parameters (Alternative) options located in the right mouse
button menu of the Fixed Asset Record window.
Yearly Cost ROFM Entry
The inflation adjustment must be performed after discriminating Non-Real Financing Costs (exchange rate
difference, due date difference, loan interest, etc) on Fixed Assets acquired within the last five accounting
periods (fiscal years) and removing the related amount.
Non-real financing cost (ROFM) indicates the amount calculated by applying the yearly WPI rate to any debit
amounts.
On the other hand, since investment costs should be separately recorded and adjusted on the report date in
every phase of Ongoing Investments, the investment dates and amounts have to be entered as well.
ROFM and yearly cost values are entered using Yearly Cost and ROFM input option located in the right
mouse button menu of the Fixed Assets record window. This option is located in the right mouse button
menu when Yearly Cost is used.
The window that opens is used to record dates, cost amounts and non-real financing cost amounts on
related lines. The calculated non-real financing cost is subtracted from the cost of the fixed asset, and the
result provides the basis for inflation accounting. This amount is used in inflation adjustment.

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Depreciation and Valuation Tables
Depreciation tables are prepared in a yearly basis and display the depreciation applied to fixed assets,
revaluations and other related information. Depreciation and revaluation tables function in connection with
fixed asset records. In addition to values recorded on the table record window, the alternative parameter
values are also obtained. Depreciation and revaluation tables are generated using the following options on
the fixed asset records list:
Depreciation Table
Depreciation Table (Alternative)
The F9/right mouse button options of depreciation tables can be used to display depreciation amounts in
local and foreign currencies through the specified method.
The calculation year is specified using Calculation option, and the depreciation and revaluation tables of
the selected fixed asset record are created according to the conditions specified on the fixed asset record
window.
Calculate: Used to perform depreciation calculations through the selected method. The window that opens
is used to specify the starting year for the calculation.
Change Method: This parameter includes Normal and Declining Balances options. Depreciation
calculations are performed using the method entered in the fixed asset card. Change Method option is
used to perform the calculation using another method, and the depreciation table is generated with the
selected method.
Recorded Expenses: When the application is used for the first time, the expenses of the existing fixed
assets are processed using the recorded expenses option on the related line of the depreciation table. In
future uses, expenses related to the fixed asset record will be automatically displayed on the recorded
expenses window. Recorded expenses that are or are not subject to valuation are displayed on the related
line with TL and reporting currency amounts.
Local / F. Currency Table: Used to generate the depreciation table with local and system currencies.
General Ledger Codes: Used to display the slip resulting from posting and to specify related G/L accounts.

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Depreciation Table Info
Column information of the depreciation table can be grouped under the start, pre-valuation and post-
valuation categories.
Start Info
Information displayed on these columns includes the information entered on the fixed asset definition or
record window or specified in the Administration section as parameters. The information contained in the
starting info columns:
Year: Indicates the year for which the depreciation line is calculated. This depends on the depreciation start
date, and not on the fixed asset purchase date. The depreciation start date is the first day of the default
start year (01.01.XXXX) in normal and declining balance depreciations, and the first day of the related month
(01.XX.XXXX) in pro-rata depreciation.
Month: Depreciation tables can also be calculated periodically. The month column indicates the last month
of calculation.
Revaluation Rate: The column used to list the revaluation rate set for the related year. The rate is defined
using the revaluation rates option of the Administration Parameters.
Depreciation: This column lists the depreciation rate specified for the record. The default value is read
from the card, but can be modified on the fixed asset record. If normal depreciation is used, the rate is
calculated by dividing 100% by the number of years entered. If declining balances are used, the rate is
calculated by dividing 200% by the number of years entered.
Method: Indicates the depreciation allocation method. It contains Normal and Decreasing Balances
options.
Starting Cost: The purchase amount of the fixed asset. Fixed assets can be entered using two methods.
The first method is transfer, and is entered using fixed asset records option (F9 menu) on the fixed asset
card. These options are displayed with a D on the fixed asset record list. Here the cost is not multiplied with
quantity, and VAT is not included. The cost entered on the record is directly reflected on the depreciation
table starting cost. The second entry method is purchase invoice. These records do not contain a special

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letter on the fixed asset list. Here the unit price entered on the invoice is multiplied with quantity, and VAT is
added. These records are displayed the same way as transferred fixed assets on the record.
Expenses not Revaluated: Expenses are additional surcharges that occur in time for the related fixed
asset record. These are recorded through the purchase invoice or the depreciation table. Expenses for the
current period are recorded through purchase invoices, and expenses for other periods are recorded through
the table. Expenses are entered using either the F9-Link to Fixed Asset option on the purchase invoice or
F9-Recorded Expenses option on the depreciation table. Expenses are classified as Expenses Revaluated
and Expenses Not Revaluated. Revaluated expenses are processed during revaluation, while the others are
not.
Loss of Value: Whole or part of the fixed assets may be sold within the calculation period. The amount
calculated with the cost/total quantity x quantity sold formula is deducted from the cost in order to exclude
the sold assets from further calculations. In this way, these assets are excluded from calculation.
Total Cost: Calculated with the following formula: Starting cost + Expenses revaluated + Expenses not
revaluated loss of value.
Pre-Valuation Info
These columns contain totals before valuation.
Fixed Asset Value (Before Rev.): The fixed asset value before revaluation. This value is equal to the
Total Cost column for the first year. Expenses not revaluated for the current year + Expenses revaluated for
the current year + Post-revaluation fixed asset value for the previous year x (1-loss of value for the current
year/(starting cost total loss of value for the previous year))
Note: (1) Total Loss of Value is an auxiliary calculation. The calculation method can be found at the end of
the document.
Accumulated Depreciation (Before Rev.): Indicates the accumulated depreciation before revaluation.
The value is zero for the first year. The following years are calculated as: total accumulated depreciation for
the previous year x (1-loss of value for the current year/(starting cost - total loss of value for the previous
year))
Note: (1) Total Loss of Value is an auxiliary calculation. The calculation method can be found at the end of
the document.
Book Value (Before Rev.): Indicates the book value before revaluation. The value is calculated by
extracting the accumulated depreciation (before revaluation) from the fixed asset value (before
depreciation).
Post-Valuation Info
The post-revaluation fixed asset value, accumulated depreciation amount and the book value of the fixed
asset are listed on the related columns.
Fixed Asset Value (Post-Rev.) Indicates the fixed asset value after revaluation. The value is equal to the
fixed asset value before revaluation for the first year. The following years are calculated as: Fixed asset
value (before Rev.) for the current year expenses revaluated for the current year total expenses not
revaluated for the current year x (1-revaluation rate) + expenses revaluated for the current year + total
expenses not revaluated for the current year

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Note: (2) Total Expenses not Revaluated is an auxiliary calculation. The calculation method can be found at
the end of the document.
Accumulated Depreciation (Post-Rev.) Indicates the accumulated depreciation after revaluation. The
value is zero for the first year. For following years, it is calculated with the sum of accumulated depreciation
amount (before revaluation) of the current year x (1/revaluation rate for the current year).
Book Value (Post-Rev.) Indicates the book value after revaluation. The value is calculated by extracting
the accumulated depreciation (post-revaluation) from the fixed asset value (post-depreciation).
Value Increase Fund: This value is calculated by subtracting the book value (pre-revaluation) of the
related year from the book value (post-valuation) of the related year.
Yearly Depreciation: If the depreciation type is Normal, it is calculated as the net book value (post-
valuation) x 1/related year. Here the year value is 1 for the first, 2 for the second year and so on.
If the depreciation type is Decreasing Balances, it is calculated as the net book value (post-valuation) of the
related year x depreciation rate until the last year. If the depreciation is calculated for the last year, the net
book value (post-valuation) is reflected in whole.
Total Accumulated Depreciation: This value is equal to the yearly depreciation for the first year. For
following years, it is equal to the sum of accumulated depreciation amount (post-valuation) of the related
year and the yearly depreciation.
Book Value (EOY): This value is calculated by subtracting the total accumulated depreciation of the related
year from the fixed asset value (post-valuation) of the related year.
Periodic Active Revaluation: This applies only to years with revaluation. This value is calculated by
subtracting the total fixed asset value (pre-valuation) of the related year from the fixed asset value (post-
valuation) of the related year.
Periodic Accumulated Depreciation Revaluation: This applies only to years with revaluation. This value
is calculated by subtracting the accumulated depreciation (pre-valuation) of the related year from the
accumulated depreciation (post-valuation) of the related year.
Periodic Depreciation: Displays the yearly depreciation amount in yearly calculations. The aim of this
column is to reflect the depreciation calculated for the period.
Auxiliary Calculations
(1) Total Loss of Value: This value is equal to the yearly loss of value for the first year. For the following
years, the value is equal to the sum of the loss of value for the previous and the current year.
(2) Total Expenses not Revaluated: This value is equal to the yearly expenses not revaluated for the
first year. For the next years, the following formula is used : (1)total expenses not revaluated for the
previous year x (1-loss of value for the current year / (starting cost (1) total loss of value for the previous
year)) + expenses not revaluated for the current year.
Decrease In Value (Expertise): It is the difference between new fixed asset value, entered at Decrease /
Increase of Fixed Asset Value window, and its value before the relevant date.
Increase In Value (Expertise): It is the difference between new fixed asset value, entered at Decrease /
Increase of Fixed Asset Value window, and its value before the relevant date.

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Allocate The Remaining Depreciation
For the transactions which are included in the scope of private cost, depreciation may be required to be
allocated / recognized as an expense. For this, Allocate The Remaining Depreciation option is used which is
located in F9/right Mouse button menu of fixed assets depreciation line for which depreciation is wanted to
be allocated. In the periods when private costs are expired, their remaining parts amortized completely in
related month. Fixed assets net asset value is reset and some data as periodic depreciation of fixed asset or
total accumulated depreciation is updated. If the transaction is not posted to G/L, depreciation can be
recalculated for the related fixed asset.

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Depreciation Table (Inf. Accounting)
Before the Inflation Accounting application, companies were revaluating their fixed assets in order to
revaluate fixed assets subject to depreciation with current currency due to losses of purchasing power, and
were reflecting this revaluation difference on their balance sheets in line with regulations. However, since it
is possible with inflation accounting to adjust a tangible fixed asset according to the general price level, the
revaluation increases added to the cost of the related asset must be deducted before inflation accounting
adjustments. Otherwise, double revaluation and erroneous adjustment results would occur.
The depreciation tables according to inflation accounting are generated using Depreciation Table (Inflation
Accounting) option located in the right mouse button menu of the Fixed Asset Records list. This table
contains most of the depreciation table parameters, but does not cover revaluations. In this way, tables can
be calculated without processing the revaluation according to inflation accounting, even if the fixed asset is
already revaluated.
The calculations using the Inflation Accounting Alternative Depreciation Table can be performed for the
related fixed asset record without processing revaluation parameters.

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Custody Records
Used to list and view fixed asset custody records. The option is located at the F9/right mouse button menu
of the fixed asset records and fixed asset transactions.
The upper section of the custody records window contains information such as fixed asset code/description,
fixed asset record code, total quantity of fixed asset, used quantity (in custody), discarded and remaining
quantity.
The lines of the window list the custody records of fixed assets with the following info:
Employee Code
Employee Group Code
Name
Surname
Fixed Asset Summary
Quantity
Fixed Asset Section
Division
Department
Warehouse
Custody Date
Planned Delivery Date
Custody Slip Number
The custody slip is displayed by View option. The information displayed using this option cannot be
changed.

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Maintenance Info
The information of fixed assets maintenance transactions is recorded by using Maintenance Info option
located at the F9/right mouse button menu of the fixed asset records and fixed asset transactions lists.
Each maintenance transaction, applied to fixed asset, is recorded to a separate line at maintenance Info
window.
These lines contain the following column headings:
Maintenance Location: Used to specify where the maintenance transaction will be done. The field
contains the following options:
In the Company
Out of the Company
Maintenance Man: The person or company who performs the maintenance. In case working in connection
with the Human Resources application, the recorded employee cards are listed and related employee is
selected.
In the event of selecting Out of Company option at Maintenance Location field, the recorded accounts
are listed and related one is selected.
Maintenance Date: The sending date of the fixed asset to maintenance.
Maintenance Quantity: The fixed asset quantity that will be sent to maintenance.
Maintenance Cost: The maintenance transaction amount.
Description: Used to enter a general explanation about maintenance transaction.

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Warranty Info
The option is located at the F9/right mouse button menu of the fixed asset records and fixed asset
transactions lists. It is used to enter fixed asset guarantee information.
Fixed asset guarantee info is recorded by the following fields:
Warranty Document Number

Warranty Start Date
Warranty End Date
Description

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Decrease / Increase of Fixed Asset Value
When there is any decrease / increase in fixed asset values, the new values are entered and tracked
historically by using Decrease / Increase of Fixed Asset Value window. This option is located at the right
mouse button menu of the fixed asset records list. Fixed asset values can be decreased to a certain value
and decrease in value can be tracked historically. Depreciation is calculated for this new value.
The fields and functions of the Decrease / Increase of Fixed Asset Value window are:
Fixed Asset Code / Description: The code and description of the fixed asset. The code and description
info transferred to this field automatically and cannot be changed.
Fixed Asset Record Code: The record code of the fixed asset belonging to the record selected at Fixed
Asset Code / Description fields. It is transferred to this field automatically and cannot be changed.
Date: The recording date of the new entered value of fixed asset.
Expertise Fixed Asset Value: Used to enter the new value of the fixed asset.
Increase In Value: The difference between new and the old value of the fixed asset.
Decrease In Value: The difference between new and the old value of the fixed asset.
The data entered here is used in depreciation table. If new fixed asset value causes a decrease in value, this
can be posted to G/L through this window. When posted fixed asset values are changed for this reason, G/L
slip connection is broken. If losses of values are entered for a posted period, these losses will not be taken
into consideration for depreciation calculations.
The decrease of fixed asset value defined by the user is written to Decrease In Value (Expertise) field of
depreciation table. Depreciation can be recalculated for this new value.
If the new value of the fixed asset causes an increase, this new value is written to Increase In Value
(Expertise) field of depreciation table.

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Note: If the application runs according to the Russian or Azerbaijan legislation, fixed asset value
decrease/increase is calculated over the depreciation calculated value of the relevant fixed asset. (Net Book
Value - Expertise Value)

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IFRS Fixed Asset Value Increase/Decrease
Within the scope of IFRS, when there is any decrease / increase in fixed asset values, the new values are
entered and tracked historically by using IFRS Fixed Asset Value Decrease / Increase window. This option
is located at the right mouse button menu of the fixed asset records list. Fixed asset values can be
decreased to a certain value and decrease in value can be tracked historically. Depreciation is calculated for
this new value in IFRS Depreciation table.
The following fields are located in IFRS Fixed Asset Value Decrease / Increase window:
Fixed Asset Code / Description: It refers to the code and description of the fixed asset. The code and
description info transferred to this field automatically and cannot be changed.
Fixed Asset Record Code: It refers to the record code of the fixed asset belonging to the record selected
at Fixed Asset Code / Description fields. It is transferred to this field automatically and cannot be changed.
Date: It is the recording date of the newly entered fixed asset value.
Expertise Fixed Asset Value: It is used to enter the new value of the fixed asset.
Increase In Value: It refers to the difference between the new and the previous value of the fixed asset.
Decrease In Value: It refers to the difference between the new and the previous value of the fixed asset.
The data entered here is used in IFRS depreciation table. If new fixed asset value causes a decrease or
increase in value, this can be posted to G/L through this window. When posted values are changed, G/L slip
connection is broken.
The decrease of fixed asset value defined by the user is written to Decrease In Value (Expertise) field of
IFRS depreciation table. Depreciation can be recalculated for this new value.
If the new value of the fixed asset causes an increase, this new value is written to Increase In Value
(Expertise) field of IFRS depreciation table.

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Fixed Asset Depreciation Tables in International Sets
LOGO application provides opportunity to work with different legislations. In the event of using Fixed Asset
Management program in International sets, the Depreciation Tables are taken according to the legislation of
the country that user works with.
Depreciation table parameters for fixed assets are recorded by the fields in the following parts located in
fixed asset definition window.
Table-Accounting Parameters
Table-Tax Parameters
In Depreciation field, elapsed time is specified starting from depreciation separation over fixed asset till
the completion of depreciation separation.

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Stopping Depreciation Calculation
In the event of working according to Russian legislation, it is the option used to stop monthly depreciation
calculation of fixed assets temporarily. It is located in F9/right mouse button menu of fixed asset records.
After stopping operation, for related fixed asset, the depreciation calculation can be started again.
When Stop Depreciation option is used, Fixed Asset Depreciation Stopping Dates window is
displayed. The fields and functions on the window are:
Start Date / End Date: The date range in which depreciation calculation will be stopped is recorded from
Start Date and End Date fields. When stopping period is finished, calculation is continued including specified
end date. In this case, the end date is also depreciation calculation starting date.
Description: The field that is used to record explanatory info about stopping transaction.
G/L Table / Tax Table: Used to determine the type of depreciation table which will be stopped within
specified date range. Even if start and end dates are specified, when one of these fields is not marked,
stopping operation cannot be performed.
Note: For a stopped depreciation table, increase/decrease in fixed asset value can be specified, expense
assignment transactions and association thru invoices can be performed.
Warnings:
More than one record cannot be defined in the same date range for the same table. In this case the
application warns user with There is another stopping transaction related to the same date range.
message.
If there is depreciation calculation within specified date range, stopping transaction cannot be
performed. In this case the application warns user with There are depreciation records within this
date range message.
If depreciation is calculated after stopping date, stopping record cannot be deleted. In this case the
application warns user with There are depreciation records within this date range message.

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Tax Legislation Parameters in Fixed Asset Records
The parameters that will be valid when taking depreciation tables are recorded by Tax Legislation
Parameters option located in the F9/right mouse button menu of the fixed asset record.
Depreciation Type: The field used to specify the depreciation type that will be applied to fixed asset. Two
types of depreciation can be applied:
Normal
Descending
The depreciation type specified here is considered as default in depreciation calculations.
Depreciation: The elapsed time starting from depreciation separation over fixed asset till the completion of
depreciation separation.
Revaluation: In this field it is specified whether the fixed asset will be subjected to revaluation or not.
Tangible Assets subjected to depreciation can be subjected to revaluation as well. The organization that
keep the ledger appropriate for balance sheet system and establishments which have operations in foreign
countries, can perform revaluation for their fixed assets in within their realm.
When revaluation is performed, the assets take part in balance sheet in high value and depreciation can be
parted over revaluated value. Revaluation coefficient is determined by Ministry of Finance and renewed
every year.
Revaluation is performed for each fixed asset separately. Revaluation is not done for the assets purchased
within the same year.

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Revaluation Depreciation: In this field it is determined whether or not depreciation will be applied to
revaluation amounts. The selection here is transferred to fixed asset invoices as default.
Depreciation Start Date: The field is used to specify the date that the depreciation calculation will be
started.
Pro-rata Depreciation: Pro-rata depreciation is the depreciation calculation performed by considering the
date range started from the fixed asset purchasing date till the end of the year (number of mounts). At
present, the pro-rata depreciation is only valid for the passenger cars used in companies. For the all other
fixed assets except passenger cars, full year depreciation is parted. Half of the passenger cars costs are
accepted as expense. The expenditures, which increase economic value of passenger cars, are included to
the cost; maintenance expenditures are not included to the cost.
Tax Expense Type / Tax Expense: The tax expense calculation defaults. This field contains the following
options:
Rate
Amount
According to the selection here, the rate or amount is specified in tax expense field.
Tax expense G/L codes for the fixed assets, is assigned by using Tax Expense G/L Codes option located in
the F9/right mouse button menu of the Fixed Asset Records list.

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Previous Period Information for Tax Legislation and Accounting Legislation
Fixed asset previous period information is viewed by the following options located in the F9/right mouse
button menu of the fixed asset record.
Previous Period Info (Accounting Legislation)

Previous Period Info (Tax Legislation)
The revaluation totals and accumulated depreciation amounts of fixed assets in hand (when the program
started firstly) are recorded as opening data by this window with reporting and local currency amounts.
Afterwards, the information of these fields is transferred automatically at the end of the performed
transactions.
Depreciation and Revaluation Tables
Depreciation tables are prepared as of annual periods and shows the depreciation applied to fixed asset,
revaluations and other information related to data. Depreciation and revaluation tables perform affiliated
with fixed asset records. The table can also be taken by alternative parameter values beside the values
entered by record window. Depreciation and revaluation tables can be taken by using the following options
located in F9/right mouse button menu of fixed asset records list.
Depreciation Table (Accounting Legislation)

Depreciation Table (Tax Legislation)
The depreciation table is taken after determining the calculation year and month by the window displayed by
Calculate option.

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Fixed Asset Input/Output Operations
Fixed Asset Purchase Operations
Fixed asset purchase transactions are recorded using Purchase Receipts or Purchase Invoices options
located under the Transactions menu of the Purchasing section.
The invoice or receipt type for fixed asset purchase transactions is selected as material purchase invoice or
material purchase receipt. The upper section of the Slip/Invoice is used to enter general invoice information.
Information about the purchased fixed asset is entered on the lines. The line type is selected as fixed asset
in order to enter fixed asset transaction information.
The stock code indicates the code of the purchased fixed asset. Defined fixed asset cards are listed and the
related card is selected.
The description of the fixed asset of which the code is entered or selected is automatically transferred into
the field. The unit, discount rate and VAT% fields display the information entered on the fixed asset card as
default. The quantity of the purchased fixed asset is entered on the quantity field.
Fixed Asset Record Info
Record information of the purchased fixed asset is recorded using Link to Fixed Asset option located in
the right mouse button.
The record window displays the information entered through the invoice in addition to information
transferred as default from the card. The depreciation rate and duration are entered. The fixed asset code is
assigned and recorded using Assign Code option.
Fixed Asset Expenses
Items that increase the fixed asset cost, in other words materials purchased in addition to existing fixed
assets are recorded using the purchase receipts and invoices located under the Transactions menu of the
Purchasing section. Unlike other purchase transactions, the line transaction on the invoice or receipt is linked
to the fixed asset.
The line transaction is linked to the related fixed asset using Link to Fixed Asset option located in the
right mouse button.
The fixed asset records list is displayed. The fixed asset related to the expense transaction is selected and
linked to the line transaction.
The amount of the expense transaction is displayed on the total expenses field of the fixed asset record
window. The revaluation field of linking transaction is used to specify whether or not the expenses will be
processed for revaluation.
If Yes is selected, the expense amount linked to the fixed asset record is displayed on the expenses
revaluated column during depreciation calculation. No should be selected on the revaluation field if the

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expense transaction will not be processed in revaluation. In this case, the expense amount of the fixed asset
is listed on the expenses not revaluated column of the depreciation and revaluation tables.

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Fixed Asset Purchase Return Operations
Fixed asset purchase return transactions are recorded using Purchase Receipts or Purchase Invoices options
located under the Transactions menu of the Purchasing section.
The slip type is selected as purchase return receipt or purchase return invoice on the Purchase Receipts or
Purchase Invoices list.
The line type is specified as fixed asset on the invoice or slip lines. Then the fixed asset to be returned is
selected using Link to Fixed Asset option located in the right mouse button menu. The quantity to be
returned is entered on the quantity column, and the unit price is entered.
The returned fixed asset amount is listed on the loss of value column when the Depreciation and Revaluation
table is generated.
Fixed Asset Sales Operations
Information related to fixed asset sales is recorded using the Sales Invoices option located in the
Transactions menu of the Sales and Distribution section. The invoice type is specified as Retail or Wholesale
invoice using Invoice Type option.
Information related to the sold fixed asset is recorded on the invoice lines. The line type should be specified
as fixed asset for this transaction. Then the fixed asset to be sold is selected using Link to Fixed Asset
option located in the right mouse button menu. The quantity and the unit sales price of the fixed asset are
entered on the quantity and unit price fields respectively. The total amount of the fixed asset sales is listed
on the loss of value column when the Depreciation and Revaluation table is generated. The fixed asset
record related to the sold fixed asset will not be processed in depreciation calculations starting from the year
of the sales.
Fixed Asset Sales Return Operations
Fixed asset sales return transactions are recorded using Sales Dispatches or Sales Invoices options located
under the Transactions menu of the Sales and Distribution section.
The slip type is selected as sales return dispatch or sales return invoice on the Sales Dispatches or Sales
Invoices list.
The line type is specified as fixed asset on the invoice or slip lines. Then the fixed asset to be returned is
selected using Link to Fixed Asset option located in the right mouse button menu. The quantity to be
returned is entered on the quantity column, and the unit price is entered. The returned fixed asset amount is
listed on the loss of value column when the Depreciation and Revaluation table is generated.

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Fixed Asset Transactions
revaluations and other related information. Depreciation and revaluation tables function in connection with
fixed asset records. In addition to values recorded on the table record window, the alternative parameter
values are also obtained. Depreciation and revaluation tables are generated using the following options on
the fixed asset records list:
Depreciation Table
Depreciation Table (Alternative)
Table Transactions
The right mouse button options of depreciation tables can be used to display depreciation amounts in local
and foreign currencies through the specified method. The options of the right mouse button menu are:
Calculate: Used to perform depreciation calculations through the selected method. The window that opens
is used to specify the starting year for the calculation.
Change Method: This parameter includes Normal and Declining Balances options. Depreciation
calculations are performed using the method entered in the fixed asset card. Change Method option is
used to perform the calculation using another method, and the depreciation table is generated with the
selected method.
Recorded Expenses: When the application is used for the first time, the expenses of the existing fixed
assets are processed using Recorded Expenses option on the related line of the depreciation table. In future
uses, expenses related to the fixed asset record will be automatically displayed on the recorded expenses
window. Recorded expenses that are or are not subject to valuation are displayed on the related line with TL
and reporting currency amounts.
Local / F.C Table: Used to generate the depreciation table with local and system currencies.

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Fixed Asset Operations
By using fixed asset custody feature, the users can track and report to whom (employee / employee group)
the fixed assets are assigned as custody within the company and when, and until when this assignment
transaction will continue. Fixed asset custody feature can be run independently or in integration with LOGO
Human Resources and Payroll applications.
In order to work in integration with LOGO Human Resources and Payroll applications, you have to specify
the folder that includes one of the HR program by using Personnel Management Folder option of G/L
parameters (Administration Section).
Fixed asset custody information is recorded by using Custody Slips which is one of a slip type of Fixed Asset
Operations located under the Transactions menu of the Fixed Asset section. The buttons of Fixed Asset
Operations list or the options of the right mouse button menu are used to define new custody slips or to
modify the existing definitions. These options and their functions are:
New Used to record a new fixed asset operation.
Delete Used to delete the fixed asset operation.
View Used to view the record information without making changes.
Copy Used to create a new record by copying the information of the selected
fixed asset operation record. Provides ease of use by allowing fast data
entry.
Database Used for user-defined forms.
Extensions
Multiple Add Used to assign more than one fixed asset to an employee in batch and/or
to perform status changes in batch.
Multiple Delete Used to delete selected records in batch.
Print Used to print custody slips one by one on the printer or screen.
Filter Used to display the fixed asset operations list with records matching the
requested characteristics.
Record Info Indicates the users who performed the entry and update transactions of
the selected record and the time of these transactions.
Number of Records Displays fixed asset operation records by type, and with total numbers.
Refresh Used to update the fixed asset operations list.
Back to Defaults Used to display the active window with the standard dimensions defined
in the application.

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Custody Slip
By using fixed asset custody feature, the users can track and report to whom (employee / employee group)
the fixed assets are assigned as custody within the company and when, and until when this assignment
transaction will continue. Fixed asset custody feature can be run independently or in integration with LOGO
Human Resources and Payroll applications.
In order to work in integration with LOGO Human Resources and Payroll applications, you have to specify
the folder that includes one of the HR program by using Personnel Management Folder option of G/L
parameters (Administration Section).
Employee / Employee Group Info
The information of personnel, who the fixed assets are assigned to, is recorded by Employee Definitions
/ Employee Groups list reached by Employee Code option of custody slip.
In the event of working in integration with HR programs, these personnel info is transferred to related fields
directly from Employee table located at related HR applications.
Employee definition window contains the following tabs:
General Info
Identification Info
Employee Info
Communication Info
Identification tab is used to record the following information of employee:
Name / Surname
T.C. ID Number
Birth Date
Blood Type
Employee Info tab is used to record the following information:
Employee Number
Social Security Number
Communication Info tab is used to record the following information:
Address
Phone Number
E-Mail
To whom (employee / employee group) the fixed assets are assigned as custody within the company is
recorded from Fixed Asset Transactions list by choosing the transaction type as custody.
Beside the fixed asset assignment transactions, by using custody slips you can record assigned fixed assets
status changes.

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Assignment transaction can be done in batch as it can be done for each fixed asset separately. Multiple
Add option located in the right mouse button menu of the fixed asset transactions list is used in order to
perform this transaction.
Custody Slip Info
The following information is recorded in the Custody Slip window accessed by clicking New button:
Fixed Asset Record Code: The fixed asset recording code that will be assigned to an employee as
custody.
Fixed Asset Code / Description: The code and description info of the fixed asset belonging to the record
selected at Fixed Asset Record Code field is transferred to these fields automatically.
Date: Custody transaction recording date.
Slip Number: The slip number of the transaction.
Document Number: The transactions document number.
Aux. Code: The aux. code of the custody slip. Aux. codes allow the user to group the slips by certain
company specific criteria.
Auth. Code: The authorization code of the custody slip.
Division: The division that the transaction belongs to.
Department: The department that the transaction belongs to.
Warehouse: The warehouse that the transaction belongs to.

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Custody Information
The lower part of the slip is used to enter the employee and fixed asset detail info.
Fixed Asset Transaction will be done base on Employee Groups: The fixed assets can be assigned to
employee groups as well. If a fixed asset will be assigned to a group, this option is marked. Related group is
specified at Employee Group field.
Employee Group Code: In the event of assigning a fixed asset to an employee group as custody, this field
is used to enter that groups code. The recorded employee groups are listed and appropriate one is selected.
Employee Code: In the event of assigning a fixed asset to an employee as custody, this field is used to
enter that employees code. The recorded employees are listed and appropriate one is selected.
Fixed Asset Status: Used to determine the fixed assets status. The field contains the following options:
Delivered
In Custody
Salvage
Lost
Donation
In Custody: Means that the fixed asset is assigned to an employee / employee group.
Delivered: Means that the fixed asset (in custody) is given back/delivered.
Salvage: It means that fixed asset assigned to an employee as custody is now salvage.

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Lost: Means that the assigned fixed asset is lost.
Donation: Means that the fixed asset is donated to the related employee.
Fixed Asset Department: The department which fixed asset is assigned to.
Quantity: The quantity of fixed asset that assigned to an employee / employee group as custody.
Custody Slip Number: You can enter custody slip number to this field in case the fixed asset (assigned as
custody) is delivered.
Custody Date: Indicates the date when the fixed asset is assigned to an employee as custody. The date
info here can only be entered for the records in In custody status.
Planned Delivery Date: Used to enter when the fixed asset will be given back.
Delivery Date: The exact delivery date of the fixed asset. The date info here can only be entered for the
records in Delivered status.
Last Transaction Date: Indicates the last transaction / status change of the custody slip.
Fixed Asset Status Changes
Custody slips are also used for some status changes as delivering the assigned fixed asset, department
change of employee or loss of fixed asset.
Custody Movements
Custody slips are also used for custody movements. Although an employee, who the fixed asset assigned to,
is not changed, the division, department or warehouse that he/she works can be changed. When there are
such changes the existing custody is removed with a new custody slip and the assignment is done again
with another custody slip that is appropriate with the new lines.

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Custody Record Entry in Batch
Assignment transaction can be done in batch as it can be done with a separate custody slip for each fixed
asset. In order to perform assignment transaction in batch, Multiple Add option is used which is located in
the right mouse button menu of the fixed asset transactions list. At Employee Code of the window opened
by using Multiple Add option, the employee is selected which the fixed asset will be assigned to.
The fixed asset data which will be assigned to the employees specified in lines is recorded by the following
fields:
Fixed Asset Record Code

Date
Slip Number
Document Number
Slip Aux. Code
Slip Auth. Code
Division, Department, Plant, Warehouse
Fixed Asset Status
Fixed Asset Section
Quantity
Description
Custody Date
Planned Delivery Date
Delivery Date
Last Transaction Date

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Operations
Batch Depreciation/Valuation Calculations
revaluations and other related information. These calculations are performed individually for each record
using the depreciation table option of the Fixed Asset Records list.
This transaction can be performed in batches if the number of fixed assets is too big or if the depreciation
calculation and revaluation is performed using the same method and revaluation rate. This transaction is
performed using Batch Depreciation/Revaluation Calculations option located under the Operations
menu of the Fixed Asset Management section.
Batch periodic fixed asset calculations are performed for required fixed asset cards or records by applying
filters. To do so, Filters option located in the F9/right mouse button menu of the batch periodic fixed asset
calculations window is used. Filters used in fixed asset calculations are:
Filter Value
Fixed Asset Code Group / Range
Fixed Asset Group / Range
Description
Fixed Asset Record Group / Range
Code
Fixed Asset Aux. Group / Range
Code 1-5
Tables to be Depreciation Table / Depreciation Table (Alternative) / Depreciation Table (Inf.
Calculated Accounting) / Depreciation Table (Alternative Inflation Accounting)
Division Defined divisions
Fixed Asset Start / End
Purchase Date
Fixed Asset Active Start / End
Date
The group or range definition filter is used on the filter lines. After the filtering transaction, the calculation
date is entered and the Start button is clicked to perform the calculation for fixed assets matching the
conditions set on the filters window in batches, and to track the results on the depreciation tables.
Note: When "Pro-rata depreciation" parameter is selected as Yes and "Depreciation Duration Type" is
selected as Month in Alternative Depreciation Table parameters for the relevant fixed asset, depreciation
calculation lines are generated separately until the date specified in transaction filters.

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Inflation Accounting Parameter Update
The option used to update the inflation accounting parameters. This option is located under the Operations
menu of the Fixed Asset Management section. The update transaction updates the depreciation durations
and rates in batches. The update method is specified on the filter lines. The filter options and relative
values are:
Filter Value
Fixed Asset Record Code Group / Range
Purchase Date Start / End
Depreciation Duration Change / Do Not Change
New Depreciation Duration New depreciation duration entry
Depreciation Rate Change / Do Not Change
New Depreciation Rate New depreciation rate entry
Pro-rata Depreciation Yes / No / Do not Change
Once conditions are set on the filter lines, the update is started by clicking OK button. At the end of the
transaction, the inflation accounting parameters are updated for fixed assets matching the conditions set on
the filter lines.
The Update Operation provides the following:
Automatically recording the depreciation duration and rate entered on the definition window for
records with Fixed Asset purchase date is on or after 01.01.2004 to inflation accounting parameters,
Transferring depreciation durations, rates and pro-rata depreciation information defined on new
Fixed Asset cards as default into fixed asset purchase records (standard and inflation parameters)
Transferring depreciation duration and rate on the fixed asset record standard window to inflation
accounting parameters
Automatically specifying if pro-rata depreciation will be applied or not.

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Alternative Inflation Accounting Parameter Update
The option used to update the inflation accounting parameters. This option is located under the Operations
menu of the Fixed Asset Management section. The update transaction updates the depreciation durations
and rates in batches. The update method is specified on the filter lines. The filter options and relative
values are:
Filter Value
Depreciation Duration Change / Do Not Change
New Depreciation Duration New depreciation duration entry
Depreciation Rate Change / Do Not Change
New Depreciation Rate New depreciation rate entry
Pro-rata Depreciation Yes / No / Do not Change
Once conditions are set on the filter lines, the update is started by clicking OK button. At the end of the
transaction, the inflation accounting parameters are updated for fixed assets matching the conditions set on
the filter lines.

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Posting of Difference in Fixed Assets Inflation Adjustments
The option used to post inflation adjustment differences for fixed assets to the specified inflation difference
accounts. This option is located under the Operations menu of the Fixed Asset Management section. The
posting conditions are specified on the Posting of Inflation Adjustment Difference filter lines. The inflation
adjustment account code is specified in General Ledger parameters. The filter options are:
Filter Value
Calculation Date Date entry
Slip Aux. Code Default Default entry
Month Month selection
Year Year entry
Calculation date is the date of the journal slip to be generated after the transaction. This date is also
processed as the adjustment date.
The auxiliary code entered on the Slip Aux. Code Default filter line is transferred as default into the Aux.
Code field of the journal slip to be generated after the transaction.
Depreciation Closing
The depreciation closing transaction is used to transfer fixed asset values adjusted with inflation accounting
at a given date to the standard depreciation table.
This transaction is performed using Depreciation Closing option located under the Operations menu of
the Fixed Asset Management section.
Depreciation closing is performed for required fixed asset cards or records by applying filters. Filters used in
depreciation closing transactions are:
Filter Value
Fixed Asset Description Group / Range
Fixed Asset Aux. Code Group / Range
Year Year entry
Depreciation Duration All / Expired / Not Expired
Depreciation Table Actual / Alternative
The Month and Year parameters specify the date, which is the basis of the closing transaction. The closing is
performed by processing the depreciation line of the inflation table of this date.
The following points should be considered when Closing Depreciations.

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Depreciation closing cannot be performed for any other date then those specified on the month and
year fields of the records on the depreciation table. In other words; the month and year filters of
the depreciation closing must match the month and year values on the depreciation table.
Otherwise, Transaction complete message will be displayed but the table will not be closed.
When the date of a closing transaction is entered on filters for a new closing transaction, the
related records are scanned according to the filters entered and the depreciation table lines of fixed
assets (which are not closed on that date) are closed.
Values occurred on the closing date are displayed in italics on the closing line.
The algorithm used for the inflation accounting depreciation tables report will be applied as is to
calculate the Post-Adjustment values displayed on the closing line.
When the depreciation table is recalculated after the closing transaction, table values before the
closing transaction date will no longer be processed, and future calculations will be performed using
the values on the depreciation closing line.
The Close Depreciation transaction can be undone, allowing depreciation calculations for
depreciation records before the closing date.
Closing values can be changed using Closing Value Update window located in the right mouse
button menu of the Depreciation Table closing line. The following values can be changed:
o Total Cost
o Fixed Asset Value (Before Rev.)
o Accumulated Depreciation (Before Rev.)
o Book Value (Before Rev.)
o Fixed Asset Value (Post-Rev.)
o Accumulated Depreciation (Post-Rev.)
o Book Value (Post-Rev.)
o Value Increase Fund
o Yearly Depreciation
o Total Accumulated Depreciation
o Book Value (EOY)
o Periodic Depreciation
o Periodic Accumulated Depreciation Revaluation
o Periodic Active Revaluation
If there are depreciation lines left after the closing transaction, when values are entered on the
closing line the depreciation calculations after the closing line are automatically updated according
to the new closing values.

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Undo Depreciation Closing
Used to undo depreciation closing transactions and to extract the closing line and related depreciation
calculations. This option is located under the Operations menu of the Fixed Asset Management section.
Filter Value
Fixed Asset Group / Range
Description
Fixed Asset Record Group / Range
Code
Year Year entry
Depreciation Duration All / Expired / Not Expired
Depreciation Table Actual / Alternative
In order to increase record security, the Month and Year parameters of Undo transactions do not have
default values. If one of these parameters is not entered, the transaction is blocked with Define Month
and/or Year message.
Month and year parameters must match the depreciation closing dates. If the date parameters entered
during Undo operation do not match any one of the depreciation closing dates on the depreciation tables,
the transaction is blocked with Undo Depreciation Close Failed message.
The related closing line and all following lines on the depreciation table are deleted according to the month
and year information entered (depreciation closing date).

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Posting Depreciations
Fixed Asset Defaults in G/L Connection Codes:
G/L code defaults for fixed assets are entered through G/L connection codes.
G/L Codes on Fixed Asset Cards:
The G/L Accounts menu of fixed asset cards are used to enter G/L codes to be used in fixed asset
transaction integration.
Entering G/L Codes Through the Depreciation Table:
The G/L Codes option accessed through the F9 menu of the depreciation table lines is used to enter the
G/L codes to which the accounts will be integrated.
Posting Operations:
Periodic values can be posted on the depreciation table.
The window containing posting filter options is accessed using Post to G/L option located in the F9 menu
of the line to be integrated on the depreciation table.
The date of the G/L slip to be generated is displayed as default on posting filters, and can be changed by
the user. The journal slip to be generated for the January calculation of the depreciation table shown in
Example 2 will be as follows.
Posting Flag
Lines can be assigned with posted status using Mark Posting Flag option located in the F9 menu of the
depreciation table lines.

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Lines with posting flag have Remove Posting Flag option on their F9 menu.

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Pro-rata Depreciation
Pro-rata depreciation procedure which has been applied only to passenger cars since 1.1.1994, involves
depreciation allocation for economic values subject to depreciation in the first account period they are
acquired, from the acquisition date to the end of the period, as specified on the amendment to Tax
Procedure Law Art. 320.
The calculation formula is given below.
Pro-rata Depreciation = Yearly Depreciation x Number of Remaining Months / 12
The acquisition month will be included in full.

The balance for which the appreciation is not allocated will be added to the depreciation amount to be
allocated within the last year.
Pro-rata depreciation for other economic values other than passenger cars is avoided starting from 1.1.1994
with the Law No. 4108. Necessary arrangements are described in General Communique No. 241 of the TPL.
The current version of the law article predicts pro-rata depreciation only for passenger cars.
* Passenger Car Definition
The passenger car concept should be defined first in order to understand the law. The passenger car
concept is not defined anywhere.
The definition of cars is provided in Motor Vehicles Tax (MVT) and Highway Code (HC) texts.
MVT defines cars as motor vehicles designed to carry 7 sitting passengers including the driver, built and
used to carry passengers and having 3 or 4 wheels in contact with the ground, adding the wagon, ranch
and similar vehicles to the class with a parenthesis. The vehicles added in parenthesis are included since it is
possible for them to be used as cars, even if they are not designed to carry passengers only.
The HC also defined cars as motor vehicles with a maximum of seven seats excluding the driver and
designed to carry passengers.
The passenger car concept is also included in paragraphs five and seven of the Art. 40 of the ITL; and half
of the expenses and depreciation of passenger cars except for those used in transportation- are accepted
as deductions. The passenger car concept is not defined in the ITL General Communiqu No. 180.
Therefore, we believe that the passenger car concept should be defined and understood as specified in MVT,
which is a tax law, including the station wagon, ranch-wagon and similar vehicles specified in parenthesis.
The panel vehicles and minibuses separately defined in MVT are not included in this definition.
* Application Scope
The pro-rata depreciation application for the acquisition year of economic values predicted by Law No. 4008
was applied for one year, and then the scope was narrowed with the Law No. 4108, accepting retrospective
depreciation adjustments for economic values excluded from the scope.
The law article limits assets subject to pro-rata depreciation with passenger cars only, also excluding
passenger cards used by companies engaged in car rental or in any other similar activities.
According to this, full depreciation will be allocated for any economic asset in the year of acquisition, except
for passenger cars. In addition, passenger cars will be subject to full depreciation if;
- The companys activities include car rental or any other similar activity, and
- Vehicles are basically used for this purpose.

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For example, a car rental company will allocate full depreciation for rental cars in the year of acquisition,
while allocating pro-rata depreciation for passenger cars purchased for the use of managers or employees.
According to the TPL General Communiqu No. 163, pro-rata depreciations are applied for EXCHANGE RATE
DIFFERENCES and INVESTMENT LOAN INTERESTS that incur and applied to costs until the end of the period
in which the fixed asset is acquired; however, full depreciation will be allocated in case of additional costs for
the following years since discretion is in question for applying exchange rate differences and loan interests
to costs and expenses. The acquisition date of the fixed asset will provide the basis in terms of pro-rata
depreciation duration for exchange rate differences and loan interests that incur until the end of the period
in which the asset is acquired. However, adding the exchange rate differences to the cost for the following
years is not recommended. Because this item should not be revaluated. It can cause errors. Therefore,
direct expense entry would be a better way.
Furthermore, revaluation of passenger cars which are subject to pro-data depreciation causes two problems.
The amount to be allocated in the last year since the depreciation amount not allocated due to pro-rata
depreciation will be revaluated, and
The processing method for the non-allocated depreciation if the declining balances method is used for
depreciation allocation.
The communication no. 62545 dated 27.12.1996 of the Ministry of Finance Commission of Inland Revenue
has provided a direction for this matter. The communication indicates that tax payers who use the declining
balances method will use pro-rata depreciation for the first year for passenger cars, and that the
depreciation for the second year will be calculated over the amount calculated by subtracting full
depreciation from the cost amount.
* The Amount of the Depreciation to be Allocated in the Last Year Will Be the Pre-Revaluation or Post-
Revaluation Amount of the Non-Allocated Depreciation?
There are no legal predictions or any statements from the Ministry of Finance on whether the revaluated
value or the amount calculated in the year in which the non-revaluated depreciation is applied will be used
for the non-allocated depreciation amount that is transferred to the last year of the depreciation period due
to pro-rata depreciation.
We believe that considering the nature of both depreciation and revaluation concepts, this amount should be
the revaluated amount. The logic of the depreciation is the usage of the whole cost of the economic asset
within the depreciation period. This means that at the end of the last year the economic asset will be totally
used and the active value will be zero. The aim of revaluation is to compensate the effects of inflation by
increasing the non-allocated portion according to revaluation rate and to avoid depreciations to be allocated
in excess of this amount. The net active values of assets subject to revaluation will also be zero at the end of
this period.
Otherwise, the net active value of the asset at the end of the depreciation period will not be zero, with a net
active value equal to the increasing amount of the depreciation amount not allocated due to the pro-rata
depreciation in the first year will remain.
Since the total allocation of an economic asset is indicated with its net active value-reaching zero, an
application that does not allow the net active value to reach zero in the last year of depreciation will mean
the limitation of the total depreciation rights. Our laws do not include any provision that causes this result.
Therefore, the revaluated value of the pro-rata depreciation that is tracked with regulatory accounts should
be included in calculations in the last year of depreciation.

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Application Examples
Example
A passenger car is purchased on 10.10.1996 for internal use. The cost of the car is 3.000.000.000.-TL. 40%
depreciation will be allocated for the car according to the declining balances method. According to this the
calculations and records will be as follows.
Yearly Depreciation
(3.000.000.000 x 40% ) 1.200.000.000-
Quarterly Depreciation
(1.200.000.000 x 3/12=) 300.000.000-
Non-Allocated Depreciation Due to Pro-rata Depreciation
(1.200.000.000-300.000.000=) 900.000.000-
1996 Accounting Records

--------------------------------------------/-------------------------------------------------------
254 Vehicles 3.000.000.000
100 Safe Deposit 3.000.000.000
------------------------------------------/---------------------------------------------------------
770 General Management Expenses 300.000.000
950 KKEG 150.000.000
257 Accumulated Depreciations 300.000.000
951 KKEG Provisions 150.000.000
----------------------------------------/-----------------------------------------------------------
984 Pro-rata Dep. Application

Non-Allocated Dep. 900.000.000

Non-Allocated Dep. Provision 900.000.000
---------------------------------------/---------------------------------------------------------------
Such application causes only the first and last years depreciation amounts to change if the pro-
rata depreciation is applied or not, and the years in between remain intact.
Non-allocated depreciation due to pro-rata depreciation tracked with 984-985 Regulatory accounts is
recorded as expense by being added to the calculated depreciation in the last year (normally 5 years
according to the 20% rate). If the car is sold before the end of the depreciation period, pro-rata depreciation
tracked in regulatory accounts that are not recorded as expense is not processed, but the Regulatory
Accounts are closed.

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The Other Record Method
This application involves tax payers who allocate depreciation and perform revaluation according to the
declining balances method allocating full depreciation for the first year, and tracking the pro-rata
depreciation portion in Regulatory Accounts and posting to G/L at the end of the year as Expenses Not
Allowed By Law, for ease of tracking in the electronic environment.
According to this, the G/L records and depreciation tracking for the same example above will be:
-----------------------------------------------------/------------------------------------------------------
254 Vehicles 3.000.000.000-
100 Safe Deposit 3.000.000.000-
----------------------------------------------------/-------------------------------------------------------
770 General Management Expenses 1.200.000.000-
950 Expenses Not Allowed by Law 1.050.000.000-
(150.000.000 + 900.000.000=)
257 Accumulated Depreciations 1.200.000.000-

951 Expenses Not Allowed By Law Prov. 1.050.000.000-
(150.000.000+900.000.00)
------------------------------------------------/-----------------------------------------------------------
984 Pro-rata Depr. App.
Non-Allocated Dep. 900.000.000-
985 Pro-rata Dep. App. Dep. Provision 900.000.000-
-----------------------------------------------/------------------------------------------------------------
Dep. Allocated Dep. New Acc. REV Net Act. REV Last Net V.I. Fund Non-
Base Dep. Value Act. Value Allocated
Dep.
3.000.000 300.000 300.000 900.000
2.700.000 1.080.000 1.530.000 2.700.000 4.050.000 1.350.000 1.350.000
2.430.000 972.000 3.267.000 2.970.000 4.455.000 1.485.000 2.025.000
2.187.000 874.800 5.775.300 3.483.000 5.224.500 1.741.500 3.037.500
6.524.550 6.524.550 15.187.500 4.349.700 6.524.550 2.174.850 4.556.250
The depreciation base for the second year is the value calculated by deducting the non-allocated
depreciation amount.
Revaluation is performed starting from 1997. The increase resulting from Revaluation (Revaluation rate 50%)
is posted as below. (Full depreciation will be allocated in 1997).

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-------------------------------------------------------/---------------------------------------------------------
254 Vehicles 1.500.000.000
Non-Allocated Dep. 450.000.000
257 Accumulated Depreciations 150.000.000
522 Value Increase Fund 1.350.000.000
985 Pro-rata Dep. App. Non-Allocated
Dep.Prov. 450.000.000
-----------------------------------------------------/-------------------------------------------------------------
As seen above, the pro-rata depreciation amount tracked in Regulatory Accounts is increased per revaluation
rate at the end of the non-allocation period.
The yearly depreciation allocated for 1997 over revaluated value is as below.
----------------------------------------------------------/------------------------------------------------------------
770 General Management Expenses 1.080.000.000
950 K.K.E.G.(1/2) 540.000.000
257 Accumulated Dep. 1.080.000.000
951 K.K.E.G (1/2) 540.000.000
--------------------------------------------------------/--------------------------------------------------------------
Since the declining balances method is used, the depreciation base and allocated depreciation for 1997 are
calculated as below.
3.000.000.000- x 50% V. Inc. 1.500.000.000 - = 4.500.000.000.-
Allocated Accumulated Dep. Rev.

300.000.000.- x 50% 150.000.000.- = 450.000.000
Non-Allocated Dep. Revaluation

900.000.000- x 50% 45O.000.000 = 1.350.000.000.
----------------------
Total Accumulated Depreciation 1.800.000.000-
-----------------------
2.700.000.000-
2.700.000.000.- x 40% = 1.080.000.000-TL. (Depreciation for 1997)
Depreciations for 1998 and 1999 will be allocated with the same method.
The revaluated value of the asset in year 2000 is 15.187.500-TL. The new value of allocated accumulated
depreciations is (5.775.300+2.887.600-) = 8.662.900-TL, which when subtracted from the active value gives
(15.187.500 - 8.662.900 =) 6.524.550. TL as the value to be allocated.
This amount includes the new value of non-allocated accumulated depreciation: 4.556.250.-TL. (The base of
the depreciation, which should be allocated for 100% in the last year is 1.968.300.-TL, which when added to
4.556.250.-TL the new value of non-allocated depreciation, gives the depreciation to be allocated in year
2000: 6.524.550. TL.)

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The revaluation and depreciation records of the last year are as below.
--------------------------------------------------------/------------------------------------------
254 Vehicles Account 5.062.500.000
984 Pro-rata Depr. App.
Non-Allocated Dep. 1.518.750.000
257 Accumulated Depreciations 2.887.650.000

522 Value Increase Fund 2.174.850.000
985 Pro-rata Dep. App. Non-Allocated
Dep.Prov. 1.518.750.000
-----------------------------------------------------/---------------------------------------------
770 General Management Expenses 6.524.550.000

950 KKEG 3.262.275.000
257 Accumulated Depreciations 6.524.550.000
951 KKEG 3.262.275.000
--------------------------------------------------/--------------------------------------------------
985 Pro-rata Depr. Non-App.

Dep.Prov. 4.556.250.000
984 Pro-rata Depr. Non-App.Dep. 4.556.250.000
------------------------------------------------/------------------------------------------------------
DEPRECIATION TABLE WITHOUT REVALUATION ACCORDING TO DECLININING BALANCES

METHOD (000.-TL)
Year Cost Dep. Avg. Acc. Dep. Dep. Base Current New Acc. All. Dep.
Amount Year Dep. Dep.
1996 3.000.000 0,40 3.000.000 300.000 300.000 900.000
1997 3.000.000 0,40 300.000 1.800.000 720.000 1.020.000 900.000
1998 3.000.000 0,40 1.020.000 1.080.000 432.000 1.452.000 900.000
1999 3.000.000 0,40 1.452.000 648.000 259.200 1.711.200 900.000
2000 3.000.000 %100 1.711.200 1.288.800 1.288.800 3.000.000 900.000
As seen above, the balance value in 2000, the last year of depreciation is (648.000-259.200 =) 388.800
(thousand TL); when the non-allocated depreciation tracked in regulatory account [900.000 (thousand TL) is
added to this figure, the fixed asset paid out with (388.800+900.000=)1.288.800-TL of allocated
depreciation. The provision (984-985) accounts tracked in Regulatory accounts during this period are closed
as follows.
------------------------------------------------------------/-----------------------------------------------------------
985 Pro-rata Depreciation Non-All. Dep. Prov. 900.000.000
984 Pro-rata Depr. Non-App.Dep. 900.000.000

-----------------------------------------------------------/------------------------------------------------------------
If revaluation is applied in 1997 for the same example, the following tables will be obtained. (The
revaluation rate is accepted as 50% for each year for ease of calculation. The reiterated article no. 298 of
the TPL states that revaluation is not performed in the acquisition year.)

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DEPRECIATION TABLE WITH PRO-RATA DEPRECIATION AND REVALUATION ACCORDING TO

DECLININING BALANCES METHOD (000.-TL)
Value Before Rev. Rate Dep. Rate F. Asset Value New Value Acc. Dep. Dep. Value
Year Rev. Increase Increase
1996 3.000.000 0,50 0,40 3.00.000

1997 3.000.000 0,50 0,40 1.500.000 4.500.000 300.000 150.000
1998 4.500.000 0,50 0,40 2.250.000 6.750.000 1.530.000 765.000
1999 6.750.000 0.50 0,40 3.375.000 1.125.000 3.267.000 1.633.500
2000 10.125.000 0.50 %100 5.062.500 15.187.500 5.775.300 2.887.650
Accounts 984-985 are closed in the last year of depreciation, and the related adjustment is made by
declaring the amount tracked in these accounts on the other discounts line of the declaration. No other
depreciation record is made (since calculations are performed with full depreciation for the first year).
As a result of this, the adjustment on the pro-rata depreciation application is only the postponement of a
portion of depreciation expenses.
Pro-rata Depreciation Situations Other Than Passenger Cars
1. Revaluation on the date of death of the business owner

2. End of obligation due to liquidation, merger, transfer or transition
3. Change of partners in ordinary partnerships
4. Changes in account periods
5. Foreign based tax payers transferring assets subject to depreciation to abroad

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Fixed Asset Reports
Fixed Asset List
The report option used to list fixed assets. The Fixed Asset List filter options are:
Filter Value
Listing Method By Code / By Description
Fixed Asset Status Active / Passive
Fixed Asset Type Group / Range
Vendor Code Group / Range
Revaluation Separation All / Included to the Valuation / Not Included to the Valuation
Fixed Asset Summary
The report option used to display the latest status of the companys fixed assets.
Fixed asset information such as current quantity, input costs, expenses for fixed assets, accumulated
depreciation amounts and book value is listed with conditions set on the filter lines. The filter options of the
report are:
Filter Value
Detailed List Yes / No
Expired Depreciation Period List / Do not list
Currency Amount Type In local currency / In reporting currency
Division Number Defined divisions
Department Number Defined departments
Has No Transactions Will not be listed / Will be listed

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Inflation Accounting Fixed Asset Status
The report option used to display the status of fixed assets adjusted according to inflation. This option is
located under the Fixed Asset Reports menu of the Fixed Asset Management section. The report filter
options are:
Filter Value
Detailed List Yes / No
Has No Transactions Will not be listed / Will be listed
Adjustment Operation After Will be done / Will not be done
Depreciation Period is Expired
Fixed Asset Inputs
The report option used to list fixed asset input information. Information entered during fixed asset record is
listed as a table. Information about each fixed asset is displayed separately. The filter options of the report
are:
Filter Value

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Fixed Asset Trial Balance
The report option used to display fixed asset transaction totals. The trial balance report displays totals for
each fixed asset separately. The fixed asset trial balance report filter options report are:
Filter Value
Depreciation Tables
The report used to display fixed asset depreciations with yearly start dates, totals before and after
revaluation and current year totals. The filter options of the report are:
Filter Value
Record Code Group / Range
Purchase Dates Start / End
Reporting Year Year entry
Reporting Month Month selection
Depreciation Table Main / Alternative
Fixed Asset Record Type Code Group / Range
Fixed Asset Record Expense Group / Range
Location Code
Expense Items will be Listed Yes / No

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Inflation Accounting Depreciation Tables
The report used to display depreciation tables in which revaluation increases are not processed according to
inflation accounting. The filter options of the report are:
Filter Value
Fixed Asset Record Expense Group / Range
Location Code
Starting Info, Pre-Adjustment and Current Year Information is obtained from the related depreciation table
(inflation accounting). Post-adjustment information is calculated by multiplying related columns with the
adjustment factor. The adjustment factor is calculated by dividing the index at the adjustment date to the
average index at the purchase date. The average index at the purchase date is calculated with the index on
purchase date + the index of the previous month)/2 formula.

LOGO Tiger Plus
Alternative Depreciation Tables (Inflation Accounting)
The report is used to take alternative depreciation tables without considering the revaluation increases in
accordance with inflation accounting. The filter options are:
Filter Value
Reporting Year Date entry
Expired Depreciation Period List / Do Not List
Fixed Asset Record Expense Location Code Group / Range
Starting Info, Pre-Adjustment and Current Year Information is obtained from the related depreciation table
(inflation accounting). Post-adjustment information is calculated by multiplying related columns with the
adjustment factor. The adjustment factor is calculated by dividing the index at the adjustment date to the
average index at the purchase date. The average index at the purchase date is calculated with the index on
purchase date + the index of the previous month)/2 formula.

LOGO Tiger Plus
Fixed Assets Inflation Differences Report
The report used to list fixed asset inflation differences. The report is located in the Fixed Asset Reports menu
of the Fixed Asset section. The filter options are:
Filter Value
Expired Depreciation List / Do Not List
Period

LOGO Tiger Plus
Fixed Assets Alternative Inflation Differences Report
The report used to list inflation differences for fixed asset by alternative parameters. The report is located in
the Fixed Asset Reports menu of the Fixed Asset section. The filter options are:
Filter Value
Expired Depreciation Period List / Do Not List

LOGO Tiger Plus
Depreciation Summary
The report option used to display summary fixed asset depreciation totals. The report is generated yearly.
The year for which the totals will be displayed is specified on the Year filter line. The filter options of the
report are:
Filter Value
Expense Items Will Be Listed Yes / No

LOGO Tiger Plus
Revaluation Summary
The report option used to display summary fixed asset revaluation totals. The report is generated yearly.
The year for which the totals will be displayed is specified on the Year filter line. The filter options of the
report are:
Filter Value

LOGO Tiger Plus
VAT List
The report option used to list fixed asset VAT information. The current year for which the report will be
generated is specified on the Year filter line. The filter options of the report are: The VAT List report filter
options are:
Filter Value

LOGO Tiger Plus
Monthly VAT Totals
The report option used to list monthly VAT totals to be deducted from fixed assets. The year for which the
totals will be displayed is specified on the Year filter line. The Monthly VAT Totals report filter options are:
Filter Value
Custody Records
The report used to list fixed asset custody records. The report is located in the Fixed Asset Reports menu of
the Fixed Asset section. The filter options are:
Filter Value
Transaction Date Start / End
Aux. Code Group / Range
Auth. Code Group / Range
Fixed Asset Summary Delivered / In Custody / Salvage / Lost / Donation
Fixed Asset Section Group / Range
Custody Date Start / End
Planned Delivery Date Start / End
Delivery Date Start / End
Last Transaction Date Start / End
Employee Code Group / Range
Employee Group Code Group / Range
Slip No. Group / Range

Fixed Asset Management

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Fixed Asset

Fixed Asset Management .......................................................................................................................4

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G/L Codes on Fixed Asset Cards: .................................................................................................. 52

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Fixed Asset Management

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Fixed Asset Definitions

New Used to create a new fixed asset card

Update Used to modify record information.

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and reporting currency information.

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Fixed Asset Info

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Pro-rata Depreciation: Pro-rata Depreciation indicates the depreciation calculation performed by

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Fixed Assets Cost Increasing Expenses

Usage Longevity Expenses

Fixed Asset Usage Longevity Expenses

Buying Year Buying Value Depreciation Accumulated Net Book Value

1996 6.000,00 1.200,00 2.400,00 3.600,00

1997 6.000,00 1.200,00 3.600,00 2.400,00

Function Augmenter Expense

Fixed Asset Function Augmenter Expense

Buying Year Buying Value Depreciation Accumulated Net Book Value

1996 1.000,00 200,00 400,00 600,00

1997 1.000,00 200,00 700,00 600,00

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Assigning expenses to fixed assets can be done by

Assign Longevity Expense

options located in F9/right mouse button menu of the fixed assets.

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Fixed Asset Records

New Used to create a new fixed asset record.

Update Used to modify record information.

Delete Used to delete the fixed asset.

Multiple Delete Used to delete the selected fixed assets in batch.

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Fixed Asset Record Info

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Quantity: The quantity of purchased or present fixed assets.

Cost: The cost of the fixed asset.

Depreciation Start: The depreciation start date.

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Fields of Russian Legislation

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Periodical depreciation amount is calculated as below.

[Monthly Production Quantity*( Input Cost - Salvage Value)]/Production Capacity

Depreciable Expense= 70.000-10.000 = 60.000 TL

Depreciation amount per production unit= 60.000 / 6.000 = 10 TL

In this case, depreciation table will be as below:

Opening Book Periodical Periodical Accumulated Year-end Book Value

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Fixed Asset Record F. Currency Info

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Previous Period Info

Calculating Depreciation Duration over Month at Pro-rata Alternative Depreciation Table

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Inflation Accounting Parameters and Alternative Parameters

Yearly Cost ROFM Entry

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Depreciation and Valuation Tables

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