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fixed-asset-register

Manage the complete IAS 16 fixed asset lifecycle: acquisition, monthly depreciation, impairment, and disposal. Every fixed asset generates monthly depreciation journal entries that feed the GL and trial balance.

  • Area: Finance
  • Category: finance
  • Level: beginner
  • Input: data
  • Output: spreadsheet
  • Setup: none
  • Roles: Finance Manager

Manages the IAS 16 fixed asset register and posts monthly depreciation, impairment, and disposal entries.

How you ask

  • “Fixed asset”
  • “Monthly depreciation”
  • “Impairment write-down”

Inputs

  • asset_details — Asset name, category, cost, acquisition date, useful life, depreciation method
  • po_ref — loaded from your vault context
  • period_id — Accounting period, e.g. 2025-12
  • asset — {books_root}/ASSETS/FIXED/{asset}.md
  • recoverable_amount — Higher of fair value less costs to sell and value in use (AED)
  • disposal_date — Disposal date used to derecognise a disposed asset and calculate the gain or loss on disposal
  • disposal_proceeds — Cash received (AED). 0 for scrapped assets.
  • asset — Asset used to show the full depreciation schedule to end of useful life

Outputs

  • conversation
  • depreciation-journal-entries (markdown)
  • disposal-je (markdown)
  • fixed-asset (markdown)
  • impairment-je (markdown)
  • schedule (markdown)
  • updated-asset (markdown)
  • {scope.finance.assets-fixed}/FA-{NNN}-{asset_name}.md
  • {scope.finance.assets-fixed}/{asset}.md
  • {scope.finance.journals}/JE-{YYYY}-{NNN}.md
  • {scope.finance.journals}/JE-{YYYY}-{NNN}.md (one per asset)