Depreciation

[mtzlot]

I had a partial book written in 2019 which I included as an asset on the depreciation tab but did not start amortizing it until July 1, 2020 when it was published. How do I prevent the Lacerte program from counting the 2019 portion of the book again on the balance sheet? Everything is ok except the asset is double counted for last year's book cost.

[TylorValdez1 · Accepted solution]

If this is a 1065 client you can go to screen 25 and enter the amount you want on the balance sheet in the field current year book depreciation.