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How the netbook value is calculated on the asset notes

Caseware calculates the Netbook value (on asset notes) from the figures shown on the face of the account. 

 

Current year Netbook value: 

Caseware calculates the current year from the closing balance for the cost and depreciation.

For the example below, this is the difference between the £500 cost and £200 depreciation.

 

Prior year Netbook value: 

Caseware calculate the prior year value from the current year brought forward figures for the cost and depreciation. 

For the example below, this is the difference between the £200 cost and £100 depreciation.

  • Related template: FRS101/102/105 LLP
  • Software platform: Working Papers 2022