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Can I print a list of depreciation methods used to input in ProConnect?

Rox
Level 3

I cannot see the depreciation methods drop-down menu in its entirety. Can I retrieve a list of the methods by number and description?

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Rox
Level 3
2 Comments 2
George4Tacks
Level 15

https://accountants.intuit.com/support/en-us/help-article/fixed-assets/depreciation-methods/L7qfgF8F...

ENTRY MACRS METHOD CALCULATION
34 3-yr % personal IRS PUB: Tables 1-5, IRS Pub. 946
CONVENTION: mid-quarter or half-year
METHOD: 200DB
35 3-yr SL personal IRS PUB: Tables 8-12, IRS Pub. 946
CONVENTION: mid-quarter or half-year
43 5-yr % personal, automobile limits are not applied
Designated as listed property
IRS PUB: Tables 1-5, IRS Pub. 946
CONVENTION: mid-quarter or half-year
METHOD: 200DB
44 5-yr % personal, automobile limits are not applied
Designated as listed property
IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life)
CONVENTION: mid-quarter or half-year
53 5-yr % personal, automobile limits are not applied IRS PUB: Tables 1-5, IRS Pub. 946
CONVENTION: mid-quarter or half-year
METHOD: 200DB
54 5-yr SL personal, automobile limits are not applied IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life)
CONVENTION: mid-quarter or half-year
55 >5-yr % automobile limits applied IRS PUB: Tables 1-5, IRS Pub. 946
CONVENTION: mid-quarter or half-year (see listed property limitations)
METHOD: 200DB
56 5-yr SL automobile limits applied IRS PUB: Tables 8-12 , IRS Pub. 946 (divides depreciable basis by the life)
CONVENTION: mid-quarter or half-year (see listed property limitations)
57 7-yr % personal IRS PUB: Tables 1-5, IRS Pub. 946
CONVENTION: mid-quarter or half-year
METHOD: 200DB
58 7-yr SL personal IRS PUB: Tables 8-12, IRS Pub. 946
(divides depreciable basis by the life)
CONVENTION: mid-quarter or half-year
64 10-yr % personal IRS PUB: Tables 1-5, IRS Pub. 946
CONVENTION: mid-quarter or half-year
METHOD: 200DB
65 10-yr SL personal IRS PUB: Tables 8-12, IRS Pub. 946
(divides depreciable basis by the life)
CONVENTION: mid-quarter or half-year
66 15-yr % personal IRS PUB: Tables 1-5, IRS Pub. 946
CONVENTION: mid-quarter or half-year
METHOD: 150DB
67 15-yr SL property IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life)

CONVENTION: mid-quarter or half-year

68 20-yr % property IRS PUB: Tables 1-5, IRS Pub. 946
CONVENTION: mid-quarter or half-year
METHOD: 150DB
69 20-yr SL property IRS PUB: Tables 8-12, IRS Pub. 946
(divides depreciable basis by the life)
CONVENTION: mid-quarter or half-year
41 25-yr SL property IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life)
CONVENTION: mid-quarter or half-year
85 27.5 SL Residential RE IRS PUB: Table 6, IRS Pub. 946
CONVENTION: mid-month
87 31.5/39 SL Nonresidential RE IRS PUB: Table 7, IRS Pub. 946
CONVENTION: mid-month
88 50-yr SL Railroad IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life)
CONVENTION: mid-quarter or half-year
ENTRY ACRS METHOD CALCULATION
30 3-yr % automobile IRS PUB: IRS Pub. 534 percentages (luxury car limitations/listed property automatic)
CONVENTION: full year
31 3-yr SL automobile IRS PUB: divides depreciable basis by life (luxury car limitations/listed property automatic)
CONVENTION: full year
32 3-yr % personal IRS PUB: IRS Pub. 534 percentages
CONVENTION: full year
33 3-yr SL personal IRS PUB: divides depreciable basis by life (and divides by 2 for the first year)
CONVENTION: full month
50 5-yr personal IRS PUB: IRS Pub. 534 percentages
CONVENTION: full year
51 5-yr SL personal IRS PUB: divides depreciable basis by life (and divides by 2 for the first year)
CONVENTION: full month
60 10-yr % property IRS PUB: IRS Pub. 534 percentages
CONVENTION: full year
61 10-yr SL property IRS PUB: divides depreciable basis by life (and divides by 2 for the first year)
CONVENTION: full month
62 15-yr % public utility IRS PUB: IRS Pub. 534 percentages
63 15-yr SL public utility IRS PUB: divides depreciable basis by the life (and divides by 2 for the first year)
70 15-yr % x low income RE IRS PUB: Table 2, IRS Pub. 534 (if asset was placed in service between 3/16/84 and 5/8/85) or Table 3 (if placed in service after 5/8/85)
CONVENTION: full month
71 15-yr SL low income RE IRS PUB: Divide depreciable basis by the life
CONVENTION: full month
You can use alternate lives of 35 and 45 years.
The program doesn't use the table available for these lives but divides the depreciable basis by the life.
80 15-yr % Real property IRS PUB: Table 1, IRS Pub. 534 (for assets placed in service before 3/16/84)
CONVENTION: full month
81 15-yr SL Real property IRS PUB: divides depreciable basis by the life
CONVENTION: full month
89 15-yr SL RE (tables) IRS PUB: straight-line % instead of dividing by the life
82 18/19-yr % RE IRS PUB: Assets placed in service between 3/16/84 and 5/8/85 should use an 18-year life.

Assets placed in service between 3/16/84 and 6/22/84 use Table 5, IRS Pub. 534


Assets placed in service after 5/8/85 have 19-year life and use Table 6, IRS Pub. 534


Assets placed in service between 6/23/84 and 5/8/85 use Table 4, IRS Pub. 534


CONVENTION: assets placed in service between 3/16/84 and 6/22/84: full month; between 6/23/84 and 5/8/85: mid-month; after 5/8/85: mid-month

83 18/19 SL RE IRS PUB: 18-yr assets use Tables 7 and 8, IRS Pub. 534; 19-yr asset use Table 9, IRS Pub. 534
CONVENTION: mid-month
Life dates are the same as for method 82
ENTRY NONRECOVERY CALCULATION
90 Half-year Considers an asset placed in service at the mid-point of the tax year.
Divides basis by the life (2 years) and prorates the amount by the number of months held that year.
91 Straight-Line Divides basis by the life and prorates the amount by the number of months held that year.
An asset is held for the whole month if placed in service before the 16th of the month.
92 200% DB Calculates depreciable basis, subtracts prior depreciation, multiplies the result by 2, divides by the life, and prorates the total by the number of months held that year.
An asset is held for the whole month if placed in service before the 16th of the month.
93 150% DB Calculates depreciable basis, subtracts prior depreciation, multiplies the result by 1.5, divides by the life, and prorates the total by the number of months held that year.
An asset is held for the whole month if placed in service before the 16th of the month.
94 125% DB Calculates depreciable basis, subtracts prior depreciation, multiplies the result by 1.25, divides by the life, and prorates the total by the number of months held that year.
An asset is held for the whole month if placed in service before the 16th of the month.
95 Units of Production Divides adjusted basis by beginning reserves multiplied by units produced.
96 CLADR No calculation. Must use the override Current Depreciation/amortization (-1=none) [O] in the Regular Depreciation section.
97 IDC S/L Amort For oil and gas, calculated IDC expense using 60 month straight-line
ENTRY LAND CALCULATION
99 Land Tracking purposes only

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Rox
Level 3

Thank you.