Prior Depreciation Comparison window

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Use this window to view a comparison of the application-calculated depreciation and the amount entered in the asset's
Prior Depreciation
field in the Asset Detail window. A tab is available in this window for each treatment that is calculating for the current client.
note
If the asset is coded as listed property or luxury auto and was placed in service in a prior year, additional fields are available for you to enter the business use percentages for prior years. Business use percentages entered here apply to all treatment columns.
To open this window, double-click an asset in the Asset List window to view its details, and then select the Prior Depreciation Comparison button, or select Tasks, then Prior Depreciation Comparison. To view the Prior Depreciation Comparison for other treatments, select the treatment tab.

Fields & buttons

Amount on file
Displays the amount entered for this asset and treatment in the
Prior Depreciation
field on the Depreciation tab of the Asset Detail window.
Computed amount
Displays the prior depreciation amount for this asset and treatment as calculated by the application based on other information that you have entered.
This Treatment: Use Computed Amount button
For the selected treatment only, select this button to overwrite the amount entered in the
Prior Depreciation
field in the Asset Detail window's Depreciation tab with the application-calculated amount displayed in the
Computed Amount
field above. The application makes the change and closes this window when you select this button.
note
This button is enabled only if the amount in the
Prior Depreciation
field differs from the application-calculated amount for this asset.
All Treatments: Use Computed Amount button
For all treatments, select this button to overwrite the amounts entered in the
Prior Depreciation
fields 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.
note
This button is enabled only if the amount in the
Prior Depreciation
field differs from the application-calculated amount for this asset.
The following field and button appear only if the asset is coded as listed property or luxury auto and was placed in service in a prior year.
Asset's business use percentages
The current year's business use percentage is displayed automatically in the
Current year
field and is used in calculating current-year and prior-year depreciation. If you change the percentage in the
Current Year
field, 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 field (
Five years ago
) is also used in calculating prior depreciation for any period earlier than five years ago.
Save Use Percentages, then Exit button
Select this button to save any changes you have made in this window for the current- or prior-year business use percentages and close this window.
note
This button is enabled only if the asset is coded as listed property or luxury auto and was placed in service in a prior year.

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