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Asset Detail dialog
Show all expandable content
Use the Asset Detail window to enter detailed information for new assets or to modify information for existing assets.
To open this window, select Add or Modify in the Asset List window.
Asset Detail toolbar
Button | Functi |
|---|---|
 | Open a new asset record for the selected business activity. Shortcut: Ctrl+A |
 | Delete the selected asset from the current business activity. When you select this, you will be prompted to confirm that you want to delete the asset. |
 | Cut the selected asset treatment. Shortcut: Ctrl+X |
 | Copy the selected asset treatment. For example, use this feature to copy the information entered in the Tax column to the Book column. Shortcut: Ctrl+C |
 | Paste the selected asset treatment. Shortcut: Ctrl+V |
 | Open the Prior Depreciation Comparison window, in which you can view a comparison of the application-calculated depreciation and the amount entered in the asset's Prior Depreciation box, located in the Depreciation tab of the Asset Detail window.note
Shortcut: CtrlIf an asset is coded as listed property or luxury auto and was placed in service in a prior year, the Prior Depreciation Comparison window contains additional boxes in which you can enter the business use percentages for prior years. Business use percentages entered in this window apply to all treatment columns in the Depreciation tab, not just the Tax column. |
 | Move to the record for the lowest numbered asset for the selected business activity. Shortcut: Ctrl+Page Up |
 | Move to the record for the previous numbered asset for the selected business activity. Shortcut: Page Up |
 | Display the number of the currently selected asset. |
 | Move to the record for the next numbered asset for the selected business activity. Shortcut: Page Down |
 | Move to the record for the highest numbered asset for the selected business activity. Shortcut: Ctrl+Page Down |
 | This is not available in UltraTax CS. |
 | View the MACRS Asset Life table. Refer to this table when you need information about asset lives under the MACRS depreciation method. Shortcut: Ctrl+H |
 | Search the Help & How-To Center, where you can find information about windows and windows, step-by-step instructions, reference information, answers to frequently asked questions, and more. Shortcut: F1 and Ctrl+Y |
Fields and buttons
Asset #
The next available number is automatically assigned to the new asset.
note
You can change how assets are automatically numbered.
Description
Enter a description of the asset.
Date in service
Required information.
Enter the date the asset was placed in service.note
The oldest date is 01/01/30. Dates from 01/01/00 to 12/31/29 are assumed to be in the 21st century.
Situs
Enter the state where the asset is held or located.
Used
Mark this checkbox to indicate that the current asset is used property.
note
When you mark this checkbox, the application enters
Prop not qualified (GO Zone/168(k)/168(n))
in the GO Zone/168(k) (force)
box in the asset's Other tab if the asset was placed in service before 9/28/2017.Associations
The placement of association boxes in the Asset Detail window varies depending on how the Association box order list is configured in the Setup, then Associations window.
If an association name is preceded by an asterisk and displayed in blue, the association is used for the UltraTax CS personal property tax return for the state in which the current asset is located.
If 
appears with the first association box, that association has been set up as the primary association for this client. Select this to open the Association Wizard and select the association value. The default values that were entered for all associations and the default asset class (from the Method/Life Wizard) will be entered for the asset.
appears with the first association box, that association has been set up as the primary association for this client. Select this to open the Association Wizard and select the association value. The default values that were entered for all associations and the default asset class (from the Method/Life Wizard) will be entered for the asset.