Question
Best Practice Opinion - 754 Depreciation Data Entry
Would appreciation opinions - client with roughly 100 fixed assets. Using ProSeries Fixed Asset Manager. One member died. Concerned about future single/multiple asset disposition as a lot of the assets are land or tenant improvements. I can do grand total category 754 entries (39 year, 15 year, etc.) [pain if disposing of a single asset within a category] or I can do step up asset for each asset [pain on set-up but easier on disposition]. What are you all doing in your firm?
