rich
Level 1
12-06-2019
09:19 PM
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I'm new to Lacerte. I can see where to get a cost depletion report, but it ignores percentage depletion. Where do I find a report that will help me arrive at my net book value of leasehold cost taking into account both cost and percentage depletion? Also, is there a separate field to enter prior percentage depletion, or do you just enter the combined total of percentage and cost depletion in the "accumulated depletion" filed under the Cost Depletion heading?
Best Answer Click here
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