TaxGuyBill
Level 15
03-20-2024
10:39 PM
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I agree, that is wrong. But I don't use ProConnect so unfortunately I can't guide you.
I don't know of anybody that does this, but technically you need to depreciate it over the remaining "useful life" (three years???), not the five year Recovery Period and you are supposed to use Salvage value. But as I said, I'm not aware of anybody that actually does that correctly (including me).