Target Audience

Automated Fixed Asset Depreciation Schedule with Impairment Flags

Name: Automated Fixed Asset Depreciation Schedule with Impairment Flags
Author: PromptGlossary

➔ Accountant

Columns: AssetID, Cost, AcquisitionDate, UsefulLifeMonths, Salvage, ImpairmentTriggerDate; Formula sample: =IF(AND(TODAY()>=AcqDate,DepreciationPeriod<=UsefulLife),Cost*(1/UsefulLifeMonths),0)

Professional Guide

A robust fixed asset schedule automates monthly depreciation (straight-line and declining-balance options), calculates accumulated depreciation, net book value, and flags impairment triggers. Use helper columns for MonthsInService computed via DATEDIF with month granularity; depreciation per month by method selection via IF (e.g., IF(Method=\SL\"