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Video: Fixed Asset Roll Forward
Instructor
Douglas Stockbridge
Show bio
DJ Stockbridge is currently pursuing a Masters degree in Accounting.
Video Summary for Fixed Asset Roll Forward
A fixed asset roll forward is a schedule showing beginning balance, additions, disposals, transfers, and ending balance for accounts like buildings, land, or equipment.
This video explains how accountants create these schedules for both gross amounts and accumulated depreciation.
Using a construction company example, it demonstrates the formula: Beginning Balance + Additions - Disposals +/- Transfers = Ending Balance.
For the equipment account:
- Beginning balance: $100 million
- Additions: $50 million
- Disposals: $25 million
- Ending balance: $125 million
The video also shows how to calculate accumulated depreciation using the half-year convention, resulting in an ending balance of $63.75 million.
Read Fixed Asset Roll Forward: Definition & Example Lesson