# Contract No. [\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_]{.underline}

**[Depreciation & Assets Not In Use Data for NF 1018
Reporting]{.underline}**

**(In Dollars)**

![](media/image1.wmf)

**Instructions:**

This chart provides data NASA needs to calculate depreciation for its
property, plant and equipment (PP&E) in the custody of contractors, to
comply with Federal accounting standards. The following instructions
apply:

**Column a.** - Use the useful lives indicated above for Buildings,
Other Structures & Facilities, Leasehold Improvements, Special Test
Equipment, Special Tooling and Agency-Peculiar property. (Land,
Construction in Progress (CIP), Material and Contract Work in Process
(CWIP) are not depreciated, so no depreciation data is required for
those NF 1018 Property Classification Accounts.) For Equipment, NF 1018
Item 9, use the Federal Supply Classification (FSC) Table to group the
Equipment by Useful Life categories shown on the above chart.

**Column b.** - Enter amounts reported in the Balance End of Period, NF
1018 column d.(1). Only report assets with acquisition values of
\$100,000 or more for all the above Property Classification accounts
except CIP, Material, and CWIP, which should be reported at total
acquisition cost, regardless of the amount. For Equipment, NF 1018 Item
9, determine what Equipment falls into each of the FSC groups shown on
the FSC Table and then group the Equipment by Useful Life categories
shown above.

**Column c.** -- Enter the value of obsolete, heritage assets and assets
in the plant clearance process, i.e., after agency screening, but prior
to actual disposal. Group by Property Classification Account and Useful
Life. Only report assets with acquisition values of \$100,000 or more
for all the above Property Classification accounts except CIP, Material,
and CWIP, which should be reported at total acquisition cost, regardless
of the amount. The value of these assets are included in the ending
balance (column d.(1)) of the NF 1018.

**Column d.** -- Subtract column c. from column b. and enter the result.

**Column e.** -- Enter the value of all property with acquisition values
of \$100,000 or more which are older than the useful life indicated in
column a. This amount represents fully depreciated property. For
Equipment, NF 1018 Item 9, determine what amount of the Equipment in
each Useful Life category is older than its FSC Table useful life and
enter these amounts in columns e. above for each of the five Equipment
useful life categories (5, 7, 10, 15 and 20 years).

**Column f.** - Enter the value of all property with acquisition values
of \$100,000 or more which are younger than the useful life indicated in
column a. This amount represents property not fully depreciated. For
Equipment, NF 1018 Item 9, determine what amount of the Equipment in
each Useful Life category is younger than its useful life and enter
these amounts in columns f. above for each of the five Equipment useful
life categories (5, 7, 10, 15 and 20 years).

The total of columns e. and f. for each Property Classification Account
shall equal the total value shown for that Property Classification
Account in column d. If you are using the electronic version of this
document, an "Error" message will display if these totals do not
balance.