• All current tax and financial depreciation methods are allowed
• Depreciation information can be maintained for up to five separate schedules. Schedules can be maintained for book (B), federal tax (T), state tax (S), alternative minimum tax (A), adjusted current earnings (C) and other (O)
• MACRS half-year, mid-quarter and mid-month conventions are automatically calculated and applied as appropriate
• Depreciable basis and ITC basis are automatically adjusted when IRC 179 expense election is used. A warning is printed if IRC 179 assets exceed code limitations
• Depreciation, IRC 179 expense, and ITC are automatically limited on assets identified as "luxury autos", and on assets with less than 100 percent business use
• Depreciation schedules print by year, month and quarter
• Projects depreciation expense for 5 and 10-year periods
• A utility program is provided to make creation of AMT and ACE depreciation schedules almost automatic, saving hours of expensive time when compared to manually creating and entering this data
• Monthly, quarterly or annual journal entries for depreciation and IRC 179 expense are available in hard copy or in a data file for import to your general ledger system
• Recalculates and prints historical depreciation from acquisition date to the present time
• Depreciation schedules can be printed on 8 1/2 x 11 inch or 14 7/8 x 11 inch paper. Tax worksheets are printed in 8 1/2 x 11 inch format
• Assets may be identified by up to 999 descriptive categories and/or locations, enabling totaling of information for multiple Federal Income Tax Schedules C, E, F, etc. in a single depreciation printout
• Company numbers and asset numbers can be changed at any time
• Depreciation schedules can be printed in summary or with full detail of facts
• All output, including tax worksheets, can be printed as often as you wish and without closing year-end totals
• Short-year calculations are automatic and easy to use
• Calculates depreciation and amortization for an unlimited number of separate companies with as many as 250,000 assets each
• Assets can be sorted by up to 999 asset categories, 999 locations, by property code, date placed in service, user-defined fields, and almost unlimited general ledger accounts
• Maximum asset value for an individual asset is 9,999,999,999 and, for all assets in a file, $99,999,999,999
• Short year calculations are as easy as selecting the desired year-end and printing a report
• Depreciation and amortization methods supported include straight line, various declining balance methods and sum-of-the-years-digits, ACRS and MACRS in all their varieties and has override capabilities allow depreciation amounts to be input manually. You can also enter your own custom depreciation methods if desired
• Journal entries can be printed on hard copy or output to ASCII file for export to your general ledger system
• Supports a 12 or 13 period accounting year
• Supports group asset disposals / sales
• Automatically allocates sales price among assets in a bulk asset sale
• Provides capability to change almost any data field automatically in asset groups, ranges, etc.

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