Core - DS
Level 3
07-27-2022
02:06 PM
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I have a client that calculates their depreciation using the IRS MACRS tables in an excel spreadsheet. In Lacerte it is calculating a different amount than they have. The asset is 15 year property using mid-quarter convention put into service in Oct 2013. On their spreadsheet they are using 5.9%, but Lacerte is calculating using 5.91%. I am not sure why, has anyone else had this issue?
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