LiteracyCouncil

6/30/14
FixedAssets

Thiswpsatisfies variousstepsrequiredbytheProperty&
EquipmentauditprogramatWP3200.

Beginning
6/30/13
FixedAssets
A/C1500OfficeEquipment
Total

Total
NetFixedAssets

Additions

Deletions

Ending
6/30/14

36,102.83

26,192.43

62,295.26

36,102.83

26,192.43

62,295.26 T/B

Currentyr
activity

CurrentDepr

Deletions

30,275.12

2,310.00

4,100.62

36,685.74 A

30,275.12

2,310.00

4,100.62

36,685.74 T/B

Beginning
6/30/13
AccumulatedDepreciation
A/C1510A/DOfficeEquipment

Currentyr
activity
recordedby
client

5,827.71

6,410.62 B

Ending
6/30/14

25,609.52

BHtypicallyadjustsdepreciationexpensetoactual.PerinspectionoftheG/L,theclientrecorded$2,310indepreciationduring
2013/2014.BHexpectsdepreciationexpensetosimilartoPY'swhichwas$2,940.TheCouncilmadeequipmentpurchasesin
2014,sotheincreaseinexpenseisconsistent.

A Agreestofixedassetschedule.(WP#3202)
B Agreestofixedassetschedule,with$544.23adjustment.(WP3202,AJE#4)

Depreciation
GrossPPE

2014
6,410.26
62,295.26
10.29%

2013
2,598.12
36,102.83
7.20%

2012
2,940.00
35,409.01
8.30%

2011
3,946.00
56,073.02
7.04%

Expectation: BHexpectsthatthedepreciationasa%ofgrossPPEshouldbeconsistenly78%basedon
historicaldata.
Result: TheCouncilmadeequipmentpurchasesin2014,sotheincreaseindepreciationasa%ofPPEis
consistent.