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Prior Depreciation Comparison dialog

Use this window in the asset module to view a comparison of the application-calculated depreciation and the amount entered in the asset's
Prior Depreciation
 box in the Asset Detail window. A tab is available in this window for each treatment that is calculating for the current client.
To open this window, double-click an asset in the Asset List window to view its details, then select Prior Depreciation Comparison , or select Tasks, then Prior Depreciation Comparison. To view the Prior Depreciation Comparison for other treatments, select the desired treatment tab at the top of the window.

Fields and buttons

Displays the amount entered for this asset and treatment in the
Prior Depreciation
 box on the Depreciation tab of the Asset Detail window. This amount was either entered by you or transferred during the proforma process.
Displays the prior depreciation amount for this asset and treatment as calculated by the application based on other information that you have entered.
For the selected treatment only, select this to overwrite the amount entered in the
Prior Depreciation
 box in the Asset Detail window's Depreciation tab with the application-calculated amount displayed in the
Computed Amount
 box. The application makes the change and closes this window when you select this button.
For all treatments, select this to overwrite the amounts entered in the
Prior Depreciation
 box in the Asset Detail window's Depreciation tab with the application-calculated amounts. The application makes the change and closes the window when you select this button.
The following box and button appear only if the asset is coded as listed property or luxury auto and was placed in service in a prior year.
The current year's business use percentage is displayed automatically in the
Current year
 box and is used in calculating current-year and prior-year depreciation. If you change the percentage in the
Current Year
 box, it will change the business use percentage on the Vehicle/Listed tab or on the Home Office tab.
Also enter the business use percentage for each of the
prior five years
, as applicable for the client. These percentages are used in calculating prior depreciation. The last box (
Five years ago
) is also used in calculating prior depreciation for any period earlier than five years ago.
Select this to save any changes you have made in this window for the current- or prior-year business use percentages and close this window.
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