sappy021
Level 2
10-16-2023
09:03 PM
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2021 (Other tax software)
Original Cost Basis $33,379
Prior Sec 179 $8,345
Depr Basis $25,034
Prior Depr $4,846
Method: S/L HY
Life: 5
Rate .2000
Current Depr: $5,007
2022 (ProConnect)
Original Cost Basis $33,379
Prior Sec 179 $8,345
Depr Basis $25,034
Prior Depr $9,853
Method: 200DB HY
Life: 5
Rate .05760
Current Depr: $1,460
I should mention the client is Vermont based which follows Federal for Sec 179 but not for accelerated MACRS.