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DA Form 4079 Depreciation Expense Control (Furniture Fixtures and Equipment)
Depreciation is a method of accounting used to allocate the cost of tangible assets over their useful life. It is a non-cash expense that reflects the decline in value of an asset over time. DA Form 4079 Depreciation Expense Control (Furniture Fixtures and Equipment) is a form used by the United States Army to track and control the depreciation of these assets.
The form is used to document the acquisition, depreciation, and disposal of furniture, fixtures, and equipment owned by the Army. It is important to accurately track these assets to ensure that they are being used effectively and efficiently, and to prevent loss or theft.
DA Form 4079 is used by Army personnel responsible for managing assets, including property book officers, accountable officers, and unit commanders. The form is used to keep a record of the acquisition cost of an asset, the depreciation expense incurred each year, and the date and method of disposal when the asset is no longer needed.
Instruction for DA Form 4079 Depreciation Expense Control (Furniture Fixtures and Equipment)
The instructions for completing DA Form 4079 are straightforward. The form is divided into four sections: Identification, Description, Depreciation, and Disposition.
The Identification section is used to document basic information about the asset, including its National Stock Number, Serial Number, and Acquisition Cost. The Description section is used to provide additional information about the asset, including its location and condition.
The Depreciation section is used to calculate and track the annual depreciation expense of the asset. The form provides tables and instructions for calculating depreciation based on the type of asset and its useful life. Depreciation is calculated based on a straight-line method, meaning that the same amount of expense is recognized each year over the asset’s useful life.
The Purpose of DA Form 4079 Depreciation Expense Control (Furniture Fixtures and Equipment)
The purpose of DA Form 4079 is to ensure that the Army’s furniture, fixtures, and equipment are being used effectively and efficiently, and that their value is being properly accounted for. Depreciation is a non-cash expense that reflects the decline in value of an asset over time. By accurately tracking and controlling depreciation, the Army can ensure that its assets are being used to their fullest potential and that their value is being properly accounted for.
DA Form 4079 is an important tool for Army personnel responsible for managing assets. It provides a record of the acquisition, depreciation, and disposal of furniture, fixtures, and equipment owned by the Army. By using this form, the Army can ensure that its assets are being used effectively and efficiently, and that their value is being properly accounted for.
In conclusion, DA Form 4079 is an important tool for the Army to track and control the depreciation of its furniture, fixtures, and equipment. By accurately tracking and controlling depreciation, the Army can ensure that its assets are being used effectively and efficiently, and that their value is being properly accounted for.