Definition of component assets

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IRS filing deadline update

The IRS MeF system is now processing returns, and the filing deadline has been extended to 11:59 PM on Wednesday, April 18, 2018. For the latest details, see UltraTax CS alerts and notices.

A component asset is used to link asset information, which is summarized in an aggregate asset. To add, delete, and access the component assets, choose Edit > Components while in the asset detail and click the description of the desired asset.

Notes

  • If you override a luxury auto, the automatic calculation for auto limits is turned off (as it was in the past).
  • Prior depreciation calculation is not available for luxury auto component assets.

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