Elect out of bonus depreciation for all assets
Follow these steps to use the Template Client in Fixed Assets CS.
- SelectSetupthenSystem Configuration.
- SelectTemplate.
- SelectSetupthenOptions.
- The Options window will open. Make your Bonus Depreciation Elections. After you have your elections, selectOKand then selectUpdate Clients.noteUltraTax CS has the capability to elect out of Bonus Depreciation for all assets in a client, but doesn’t give a way of electing out of Bonus Depreciation for all assets in all clients. You can only do this on a client-by-client basis using the previous steps.
