200% declining depreciation on an asset put in service in 2015. Why is this giving me an error "Reference# 2025012"?

[George4Tacks]

What depreciation code did you use? What time period? When put into service?

[ryann]

I am also getting this error for an item with 150% method and 2012 year of service...

[George4Tacks]

@ryann I can only ask what code you are using? Be sure it is a MACRS code and not just 150%DB. Look at the excellent answer ITONewbie gave.

[itonewbie · Accepted solution]

For double declining balance method to be applied correctly under MACRS, you need to select "MACRS - #-year %...."  # corresponds with the class life of the asset.  Double declining balance is working fine with me.

If you are still getting an error message after trying this, please provide more info about what you have entered and where you see the error.

[qwertyui]

thank you so much @itonewbie this is helpful!

[itonewbie]

YAVW, @abcdefg!  Glad you find it helpful.