Reconciliation of Gross Fixed Assets to Booked Amounts

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USDA Forest Service
1. Name of Concessioner
RECONCILIATION OF GROSS FIXED ASSETS (GFA)
TO BOOKED AMOUNTS
(Reference FSM 2710)
     

2.

    At                                                                                 , 20     
I. Description of Assets (GFA)
Booked
Cost or Other
Basis
(a)
II. Adjustments +(-)
GFA
for Fee
Calculation
(a)

GFA List
(a)
Depreciation
Schedule
(b)


Amount
(a)

Code
(b)







Date
Acq’d
(Cumulative Totals Carried Forward)

$
     
$
     
  
$
     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

    
     
     
     
     
  

     

Grand (or cumulate page) Totals ——————————>
$
     
$
     
  

     

Fiscal Year change adjustment (FSM 22783.11a.R3-A3)
(
     
)
Net GFA (Block E, form FS-2700-19, also See permit)
$
     


Adjustment Codes
A – Intangible asset (explain)
B – Uncapitalized cost to provide utility service
C – Expensed assets allowed by this Old permit
D – Value of leased assets not capitalized
E – To scale down value of assets used both on and off the permit (explain).
F – Assets used during the year, but sold before yearend
G – Not used in permitted activity, or allowed by Permit Terms (explain).
Instructional Sample

USDA Forest Service
1. Name of Concessioner
RECONCILIATION OF GROSS FIXED ASSETS (GFA)
TO BOOKED AMOUNTS
(Reference FSM 2710)
Sample

2.

   At

,
20
I. Description of Assets (GFA)
Booked Cost
or Other Basis
(a)
II. Adjustments +/-
GFA for Fee
Calculation
(a)
GFA List
(a)
Depreciation Schedule
(b)

Amount
(a)
Code
(b)







Date
Acq’d
(Begining of the year Total Capitalized Assetsl)
$
1,215,000
$
(115,000)
D
$
1,100,000

2/19
Restaurant Goodwill
Goodwill

250,000

(250,000)
A

-0-












2/25
Restaurant equipment
(detail on actual list)

720.000




720,000












5/10
D-5 Dozer
Equipment

100,000

(60,000)
E

40,000












5/10
Cadillac Fleetwood
Vehicles

17,000

17,000
G

-0-












1975
D-6 Dozer  (Sold in May )
Equipment

0

40,000
F

40,000












1975
Motel building Poeweline
Model building

0

150,275
B

150,275























1976
Ski slope mtce
- - -

- - -

27,832
C

27,832



























































































Ending Balance Sheet Total



















Grand (or cumulate page) Totals ——————————>
$
2,302,000
$
(223,893)


2,078,107

Fiscal Year change adjustment (FSM 22783.11a.R3-A3) —————————————————————>
(

)
Net GFA (Block E, form FS-2700-19, also See permi) ———————————————————————>
$
2,078.107

    Ownership proration adjustment 100% - 96% = 4%
Adjustment Codes
A – Intangible asset (explain)
B – Uncapitalized cost to provide utility service
C – Expensed assets allowed by this Old permit
D – Value of leased assets not capitalized
E – To scale down value of assets used both on and off the permit (explain). Rented out 60% of the time
F – Assets used during the year, but sold before yearend
G – Not used in permitted activity, or allowed by Permit Terms (explain).    Used by wife who does not work in the business

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