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The Property and Equipment Accounting System (PEAS) is a system managed by the Accounting Service Center (ASC) in San Mateo, California. It is designed to record capital personal property transactions and maintain a national inventory of capital personal property. The system tracks each item of capital personal property through the purchase, use, and disposal stages. The PEAS inventory record is related to the finance number of the facility to which the property is assigned and can provide accountability information within the finance number. A primary function of the PEAS is to calculate, allocate, and record depreciation expense against the finance number.
The Postal Service has property reports available in the Accounting Data Mart (ADM) that provide assistance to account properly for capital property. Figures for the undepreciated values of current equipment are also available through reports from the ADM. Information in the ADM reports come directly from the PEAS.
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