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Prior Depreciation Comparison dialog
Show all expandable content
Use this window in the asset module to view a comparison of the application-calculated depreciation and the amount entered in the asset's
Prior Depreciation
box 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 boxes are available for you to enter the business use percentages for prior years. Business use percentages entered here apply to all treatment columns, not just to the Tax column.
To open this window, double-click an asset in the Asset List window to view its details, then select Prior Depreciation Comparison , or select Tasks, then Prior Depreciation Comparison. To view the Prior Depreciation Comparison for other treatments, select the desired treatment tab at the top of the window.
Fields and buttons
Amount on file
Displays the amount entered for this asset and treatment in the
Prior Depreciation
box on the Depreciation tab of the Asset Detail window. This amount was either entered by you or transferred during the proforma process.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 to overwrite the amount entered in the
Prior Depreciation
box in the Asset Detail window's Depreciation tab with the application-calculated amount displayed in the Computed Amount
box. The application makes the change and closes this window when you select this button.note
This is enabled only if the amount in the
Prior Depreciation
box differs from the application-calculated amount for this asset.All Treatments: Use Computed Amount button
For all treatments, select this to overwrite the amounts entered in the
Prior Depreciation
box 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 is enabled only if the amount in the
Prior Depreciation
box differs from the application-calculated amount for this asset.The following box 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
box and is used in calculating current-year and prior-year depreciation. If you change the percentage in the Current Year
box, 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 box (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 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 is enabled only if the asset is coded as listed property or luxury auto and was placed in service in a prior year.