CPADepreciation

CPADepreciation offers a comprehensive depreciation and asset management system that easily facilitates the maintenance and tracking of assets including storage of asset photos. An interface to CPAClient Write-Up allows automatic recording of depreciation expense. Additionally, CPADepreciation provides comprehensive property tax reporting, short year calculation for up to two short years and can track depreciable basis separately for each depreciation alternative. With a wide variety of methods and conventions to cover your depreciation calculation needs, Visual Deprecation is an excellent tool for your client's business as well as your own firm.

Features	Product Information
Asset Maintenance	System Requirements Request Information

Additional features of CPADepreciation include:

Short year calculation provided for up to two short years, which may be consecutive or nonconsecutive
Assets may be depreciated using any or all of the following alternatives:
- Federal Tax
- Alternative Minimum Tax
- Adjusted Current Earning
- State
- Earnings & Profits
- Book (Generally Accepted Accounting Principles)
Each alternative defaults to following law (or GAAP) but may be changed
Unlimited number of states per client
Method, convention, class life, etc. default based upon property type and date acquired
Comprehensive calculations - methods include:
- MACRS
- MACRS 150%
- ADS
- ACRS
- Optional Straight Line for MACRS & ACRS
- Nonrecovery Methods
- Section 179 calculations provided
Conventions include Mid-Quarter, Half-Year and Mid-Month, Half-Year ACRS and non-recovery conventions
Comprehensive gain/loss calculations, including recaptured depreciation and unrecaptured Section 1250 depreciation
Multiple Assets Sales, including installment sales reports
Comprehensive Property Tax Reporting
Asset Replication Feature - to quickly enter multiple assets purchased
Asset Listing features multiple sorting and filtering capabilities allowing you to quickly find asset
Flexible reports allow for printing detail or summary information,categorizing and sorting by various options
Periodic reports include G/L Expense Report, Asset Acquisition Report, Asset Disposition Report, Depreciable Basis Report and Net Book Value Report
Projected reports may be printed for any number of years in the future
Tax reports include Form 4562, Form 4797, Tax Preferences, Adjusted Current Earnings, Section 179 Expense, Mid-Quarter Calculations, Form 6252 and Property Tax Reports (using property tax assignments customized to fit the rules of your county and state)

Asset Tracking Features:

By manufacturer, vendor, model number, serial number, fixed asset number, assigned employee, assigned department
Warranty and insurance information, including Asset Photos
Lease and loan information
Customizable fields may be utilized to help clients meet other regulatory requirements
Custom reporting allows helpful information such as warranties expiring this quarter, assets assigned to a certain employee, etc.
Resell program is available allowing your clients to use CPADepreciation to track asset information and then transfer the data upon demand

Asset Maintenance
CPADepreciation tracks your depreciation calculations and helps you manage your assets and simplifies the process of preparing depreciation schedule for your clients.

	Products