Frequently asked depreciation questions

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General application questions

Are there keyboard shortcuts I can use?

How can I modify the Asset Detail dialog?

Where can I learn about specific menus and toolbars used in the application?

Where can I get definitions of common terms and phrases?

Can I import an ASCII file that contains a client's asset information into Fixed Assets CS?

Data-entry questions

How do I move assets from one client or activity to another?

How do I transfer assets or a portion of an asset to another activity or association?

How do I transfer multiple assets simultaneously?

How do I dispose of part of an asset?

How do I dispose of multiple assets?

How do I not report sold or scrapped assets on Form 4797?

Which Vehicle/Listed property type should I use?

When would I use the MACRS method as opposed to the MACRS SL Class Life method?

How does the application handle like-kind exchanges for IRS Notice 2000-4 and Reg. 1.168(i)-6?

What is the No168k treatment?

Calculation questions

How does the application handle bonus depreciation?

Why is the application calculating the current-year acquisitions' current depreciation differently after I enter a current-year asset?

How do I force an asset to calculate using the mid-quarter convention?

Why does the application calculate the gain or loss for the disposal of an asset without adjusting the basis for the section 179 expense that was previously taken?

How do I calculate depreciation for a short year when clients change their fiscal year ends?

How do I calculate depreciation for a short-year client who began a business some time after the beginning of the current year?

Why does the Method/Life Wizard use a five-year MACRS life for Furniture & fixtures - rental assets acquired after 12/31/96?

Why is the method for the AMT calculation using MACRS 150% & Farm?

How do I apply the luxury auto limitations to the Book treatment?

What are the three section 179 features?

Printing questions

Why does only the banner page print when I try to print a report?

How can I save my report options?

Why are some assets not included on the AMT Worksheet?

Can I deduct the amount of current depreciation taken on assets that were disposed of in the current period from the Asset Detail report's Current Depreciation column?

CS Connect frequently asked questions

CS Connect frequently asked questions

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