Fixed Assets CS
The following table provides information about how the CA treatment is built in 1120C clients for personal property - used.
| When the Tax method is | CA treatment will be set up as |
|---|---|
| All MACRS and ACRS methods |
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. |
| 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: 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. |
| 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: 150% DB Life: Uses the life entered in the Life field for the Tax treatment. |
Related topics
How Fixed Assets CS determines the appropriate method and life
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