What it is
A fixed asset rollforward explains the movement in property and equipment from the opening to the closing balance, for cost and accumulated depreciation, by asset class.
This workbook computes ending balances and net book value, and includes a tie-out to the trial balance and a depreciation reasonableness check.
When to use it
- Year-end close and audit of property and equipment under ASC 360.
- Supporting the PP&E footnote disclosure.
What’s inside
- Cost: beginning, additions, disposals, transfers, ending by class
- Accumulated depreciation: beginning, expense, disposals, transfers, ending
- Net book value and tie-out to TB with difference check
- Depreciation expense reasonableness test
- Additions and disposals testing listing
Standard cited
This template follows ASC 360. It is written in our own words, except for phrases the standard requires the document to contain, with [bracketed placeholders] for client details, amounts in USD and dates as MM/DD/YYYY. Check it against the current standard and your firm’s methodology before use.
Questions
What should I test in a fixed asset rollforward?
Agree beginning balances to prior-year audited figures, vouch a sample of additions to invoices and approval, check disposals were removed with gain or loss recorded, recompute or analytically test depreciation, and consider impairment indicators under ASC 360.
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Last updated 11/04/2026. All free templates.