FS-2700-8 Reconciliation of Gross Fixed Assets to Booked Amounts

USDA - Forest Service FS-2700-8 (V. 07/2012)

OMB No. 0596-0082

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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