TVPX 1031 Depreciation Solution is an extremely easy way to calculate Federal and book depreciation.
All depreciation and amortization methods required for federal tax reporting are included in an easy to use calculator format. Extensive on line help details methods and tax requirements.
New maximum automobile amounts can be input to stay current with changing tax regulations. A formal depreciation schedule can be printed. Half-year, mid-quarter, and mid-month convention are provided. Depreciation is generated using IRS tax tables.
This is an ideal application for a CPA, or anyone doing tax schedule 4562, justify capital purchases, or manually booking depreciation.
The following depreciation methods are supported:
ADS
Amortization
MACRS - 200 DB
MACRS - 150 DB
MACRS - Straight-Line
Straight -Line