George4Tacks
Level 15

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.

Why did YOU allow this new software to change the depreciation method from SL to 200DB? 

Your whole premise has been THE SOFTWARE DID THIS TO ME! You need to look into yourself to find the problem. 


Answers are easy. Questions are hard!