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Level 2
December 7, 2019
Solved

Minnesota depreciation detail

  • December 7, 2019
  • 1 reply
  • 23 views

With MN being non-conforming, and making adjustments for depreciation provisions we really need to have details of the MN adjustments.  Can we have print outs generated through Pro Series, using the Depreciation Asset Entry Wks?  Something like an Asset Life History Report for State in the least?

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Best answer by IRonMaN

Minnesota just bundles up the differences between deprecation and spreads them over a set term.  I'm not sure that a separate state schedule is really necessary under their methodology.

1 reply

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

Minnesota just bundles up the differences between deprecation and spreads them over a set term.  I'm not sure that a separate state schedule is really necessary under their methodology.

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