Common use of Fixed Asset Accounting Clause in Contracts

Fixed Asset Accounting. Transition Fixed asset accounting services for all entities that report international consolidation and will facilitate the transfer of operational knowledge and data to Mallinckrodt in support of fixed asset accounting activities, including: • Maintaining fixed asset register, asset classes depreciation and G/L account codes • Accounting for acquisitions, disposals, and transfers • Calculating and recording depreciation for monthly/quarterly close • Reconciling fixed asset register to G/L 12 Included in 1.01 Included in 1.01

Fixed Asset Accounting. Transition Fixed asset accounting services for all entities that report international consolidation and will facilitate the transfer of operational knowledge and data to Mallinckrodt in support of fixed asset accounting activities, including: • Maintaining fixed asset register, asset classes depreciation and G/L account codes • Accounting for acquisitions, disposals, and transfers • Calculating and recording depreciation for monthly/quarterly close • Reconciling fixed asset register to G/L 12 35 Included in 1.01 Included in 1.01