Which report allows you to track depreciation according to asset values?

The Depreciation Schedule is the correct choice for tracking depreciation according to asset values because it specifically details how an asset's value decreases over time due to wear, tear, or obsolescence. This report provides an organized view of each asset, the method of depreciation applied, and the timeline for depreciation calculations. It ensures that businesses can accurately manage their financial statements and reflect the true value of their assets. This is crucial for financial reporting, tax calculations, and understanding the overall financial health of the organization.

The Fixed Assets Register primarily serves as a record of all fixed assets owned by the business, including their purchase cost and location, but it may not explicitly provide detailed calculations of depreciation over time. The Asset Disposal Report focuses on assets that have been disposed of, detailing their sale or write-off but does not deal with tracking ongoing depreciation. The Purchase Transaction Report highlights the purchase transactions of assets but does not provide information regarding their depreciation.