UltraTax CS
New (tax) year, new help!
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.
When you add a new asset in the asset module, you can define and use custom methods of depreciation or choose from the standard methods that are described below.
Custom methods
The application allows you to define and use up to 99 custom methods for calculating depreciation, and it allows for a fixed percentage in any year of an asset's life.
Standard methods
You can choose any of the following standard methods of calculating depreciation. The application handles the calculations automatically as you record the information for each asset.
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