Personal property - new (CA treatment)

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The following table provides information about how the California treatment is built in 1120C clients for personal property - new.

When the Tax method is CA treatment will be set up as
All MACRS and ACRS methods

Method: 200% DB

Life: Uses the appropriate life based on the type entered in the PPT type - CA field. If the PPT type - CA field is blank, the life from the Tax treatment is used.

Straight Line

Method: Straight Line

Life: Uses the appropriate life based on the type entered in the PPT type - CA field. If the PPT type - CA field is blank, the life from the Tax treatment is used.

125% DB

Method: 125% DB

Life: Uses the appropriate life based on the type entered in the PPT type - CA field. If the PPT type - CA field is blank, the life from the Tax treatment is used.

150% DB

Method: 150% DB

Life: Uses the appropriate life based on the type entered in the PPT type - CA field. If the PPT type - CA field is blank, the life from the Tax treatment is used.

200% DB

Method: 200% DB

Life: Uses the appropriate life based on the type entered in the PPT type - CA field. If the PPT type - CA field is blank, the life from the Tax treatment is used.

Years Digits

Method: Years Digits

Life: Uses the appropriate life based on the type entered in the PPT type - CA field. If the PPT type - CA field is blank, the life from the Tax treatment is used.

Amortization

Method: Amortization

Life: 15

Units of Production

Method: Units of Production

Life: Uses the lives entered in the Life and ADS Life fields for the Tax treatment.

Memo

Method: Memo

Life: Uses the life entered in the Life field for the Tax treatment.

User defined

Method: 200% DB

Life: Uses the life entered in the Life field for the Tax treatment.

Related topics

How determines the appropriate method and life

California depreciation for 1120 C Corporations

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