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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

See also: Customizing asset data entry and calculation options

To customize how ACRS/MACRS asset depreciation is calculated for the current client, perform the following steps.

1. Open the Asset List window for an activity.
2. Choose Setup > Options.
3. In the Options dialog, click the Calculation tab.
4. To limit depreciation for ACRS/MACRS assets to the assets' depreciable life, mark the Limit depreciation to asset life checkbox in the ACRS/MACRS calculation options group box. (Note that the application does not limit depreciation if the client is a short-year client or if the asset is a luxury auto.)
5. For each of the four Tables vs. Formula (or Cost vs. NBV) items in the ACRS/MACRS calculation options group box, click the appropriate option. (For details on each option, see the Calculation tab overview.)
6. Click OK to save your changes and close the Options dialog.
7. If, in step 5, you changed the Tables vs. Formula options, choose Tasks > Calculate All Assets to recalculate depreciation for all of the client's assets.

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