Screen CADepr - California Depreciation and Amortization (1120)

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Overview

All depreciation and amortization information transfers directly to this screen from the asset module and then transfers to the relevant forms. The application transfers information with respect to all forms and units, without regard to asset ZIP Codes.
Use this screen to enter information to complete Form 3885 for C Corporations and Schedule B for S Corporations. All depreciation and amortization information transfers directly into the CADepr screen.
note
  • The application provides a client-specific option to select how asset information is entered: enter it either in the asset module or in the various depreciation screens. If the asset module is selected, this screen is not applicable and won’t appear. For more information, see Asset module overview.
  • It is highly recommended that all asset information be entered through the Asset tab. This data-entry method ensures that California depreciation information will be transferred properly.

Depreciation and Amortization

Enter information in this section to complete Form 3885 for C Corporations and Schedule B for S Corporations.
Unit / Form / Business activity
The application transfers information for these from the asset module. If you don’t use the asset module, but enter information directly in the CADepr screen, enter the form type and a unit number that matches federal Screen 4562 so the depreciation amounts from federal Form 4562 transfer to the correct Form 3885 and Schedule B. The form codes are shown in the dropdown.
California current depreciation / … / California current year organization or startup expense deduction
The application transfers information from the asset module into these statements or boxes. If you want to change the transferred information, enter the information in these statements or boxes.
Post-86 depreciation adjustment (C Corp)
The application transfers information from the asset module into this box. If you want to change the transferred information, enter the information in this box. The application uses the information in this box for Schedule P, Part I, Depreciation of tangible property placed in service after 1986.

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