DAFORMFILLABLE.COM | DA FORM 4079 Fillable – Army Pubs 4079 PDF – DA FORM 4079, officially titled Depreciation Expense Control (Furniture Fixtures And Equipment), is a critical document used by various entities within the Department of the Army. This form, first issued on June 1, 1973, remains active and is instrumental in managing and tracking the depreciation expenses associated with furniture, fixtures, and equipment.
DA FORM 4079 – Depreciation Expense Control (Furniture Fixtures And Equipment)
| Form Number | DA Form 4079 |
| Form Title | Depreciation Expense Control (Furniture Fixtures And Equipment) |
| Form Date | 06/01/1973 |
| Form Proponent | ASA (FM&C) |
What is DA FORM 4079?
DA FORM 4079 is used for Depreciation Expense Control related to furniture, fixtures, and equipment. It helps in recording and monitoring the reduction in value of these assets over time due to wear and tear, age, or obsolescence. Proper use of this form ensures that organizations can accurately report their financial status and maintain compliance with relevant financial regulations.
Purpose of DA FORM 4079
The primary purpose of DA FORM 4079 is to:
- Track Depreciation Expenses: By keeping detailed records of the depreciation of furniture, fixtures, and equipment, organizations can better manage their assets and financial planning.
- Ensure Accurate Financial Reporting: Accurate depreciation records are essential for financial statements, ensuring they reflect the true value of assets.
- Compliance with Regulations: Using DA FORM 4079 helps in maintaining compliance with Department of the Army financial regulations and standards.
Key Features of DA FORM 4079
Form Details
- Pub/Form Number: DA FORM 4079
- Pub/Form Date: 06/01/1973
- Pub/Form Title: Depreciation Expense Control (Furniture Fixtures And Equipment)
- Pub/Form Proponent: ASA (FM&C)
- Pub/Form Status: Active
- Security Classification: Unclassified
- Distribution Restriction Code: A (Approved for public release; distribution is unlimited)
- Pub/Form IDN: 990001
- Pub/Form PIN: 002567
Important Footnotes
- 42-ITEM ONLY PRODUCED IN ELECTRONIC MEDIA: DA FORM 4079 is exclusively available in electronic format, making it accessible and easy to use for all relevant personnel.
How to Use DA FORM 4079
Filling Out the Form
When using DA FORM 4079, ensure that all sections are completed accurately to reflect the true depreciation of assets. Key information to include:
- Description of the Asset: Clearly describe the furniture, fixtures, or equipment being depreciated.
- Initial Cost: Record the initial purchase cost of the asset.
- Depreciation Method: Specify the method of depreciation being used (e.g., straight-line, declining balance).
- Useful Life: Estimate the useful life of the asset.
- Annual Depreciation Expense: Calculate and record the annual depreciation expense.
Maintaining Records
Organizations must maintain accurate and up-to-date records of all depreciation expenses using DA FORM 4079. These records should be reviewed regularly to ensure compliance and accuracy.
Benefits of Using DA FORM 4079
Financial Accuracy
By systematically tracking depreciation expenses, organizations can ensure that their financial statements accurately reflect the value of their assets. This leads to more informed financial decision-making and better resource management.
Regulatory Compliance
Using DA FORM 4079 helps organizations comply with Department of the Army financial regulations, avoiding potential legal and financial penalties.
Efficient Asset Management
Accurate depreciation tracking aids in efficient asset management, allowing organizations to plan for asset replacement and maintenance proactively.
Conclusion
DA FORM 4079 – Depreciation Expense Control (Furniture Fixtures And Equipment) is an essential tool for managing the depreciation of assets within the Department of the Army. By maintaining accurate records and ensuring compliance with financial regulations, organizations can achieve greater financial accuracy and efficiency. For those responsible for asset management and financial reporting, understanding and utilizing DA FORM 4079 is crucial for effective operations.
DA FORM 4079 Fillable – Army Pubs 4079 PDF DOWNLOAD
