Summary
To prepare the budgeted income statement, balance sheet, and cash flow statement, you need information about future investments, such as disposals and depreciation of fixed assets. When you set up a budgeted asset, you can plan for the addition of assets.
A main reason for setting up budgeted assets is to calculate future depreciation on assets. Several reports are available to help you calculate and view future depreciation amounts.
The Fixed Asset - Projected Value report and the Fixed Asset - Book Value 01 report both provide this capability.