Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Screens

Prior Depreciation Comparison window

Use this window to view a comparison of the application-calculated depreciation and the amount entered in the asset's
Prior Depreciation
 field in the Asset Detail window. A tab is available in this window for each treatment that is calculating for the current client.
To open this window, double-click an asset in the Asset List window to view its details, and then select the Prior Depreciation Comparison button, or select Tasks, then Prior Depreciation Comparison. To view the Prior Depreciation Comparison for other treatments, select the treatment tab.

Fields & buttons

Displays the amount entered for this asset and treatment in the
Prior Depreciation
 field on the Depreciation tab of the Asset Detail window.
Displays the prior depreciation amount for this asset and treatment as calculated by the application based on other information that you have entered.
For the selected treatment only, select this button to overwrite the amount entered in the
Prior Depreciation
 field in the Asset Detail window's Depreciation tab with the application-calculated amount displayed in the
Computed Amount
 field above. The application makes the change and closes this window when you select this button.
For all treatments, select this button to overwrite the amounts entered in the
Prior Depreciation
 fields in the Asset Detail window's Depreciation tab with the application-calculated amounts. The application makes the change and closes the window when you select this button.
The following field and button appear only if the asset is coded as listed property or luxury auto and was placed in service in a prior year.
The current year's business use percentage is displayed automatically in the
Current year
 field and is used in calculating current-year and prior-year depreciation. If you change the percentage in the
Current Year
 field, it will change the business use percentage on the Vehicle/Listed tab or on the Home Office tab.
Also enter the business use percentage for each of the
prior five years
, as applicable for the client. These percentages are used in calculating prior depreciation. The last field (
Five years ago
) is also used in calculating prior depreciation for any period earlier than five years ago.
Select this button to save any changes you have made in this window for the current- or prior-year business use percentages and close this window.

This article applies to:

Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close