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Screen TYDal-2 — Texas PPT — Dallas County Inventory

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Overview

Use this screen to enter information for the Dallas County Rendition.

Part II - Inventory and Supplies

Use this section to complete the inventory section of the Dallas County Rendition. UltraTax CS transfers information from the
Unit
 and
Property identification number
 fields in the
TYDallas
 screen to this section.
Inventory method
Choose an option that relates to the inventory method from the dropdown list.
Option
Description
1
Original cost
2
Replacement cost
3
Cost or market
4
LIFO
5
FIFO
6
Other (Explain)
Inventory as of January 1
Enter the amount of inventory as of January 1.
LIFO reserve
If LIFO has been selected as the inventory method, enter the LIFO reserve.
Raw materials / Work in process
Enter the amount not included in regular inventory.
Supplies
Enter the amount of supplies used in business, but not included in any of the other items.

Part IV - Leased, Loaned, or Rented Personal Property

Use this section to complete leased, loaned, or rented personal property.
Leased, loaned, or rented personal property
Enter information about leased, loaned, or rented personal property.

Part V - Consigned Goods

Use this section to complete consigned goods information for the Dallas County Rendition.
Consigned goods
Enter information about consigned goods at this location.

Part VI - Owner's Opinion of Value

Use this section to enter the property owner’s total estimate of inventory value.

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