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Does SAGE meet these three basic benchmarks after a change in cost , depreciation method or life ?
1-recalculation of the correct life-to-date depreciation for the current period based on the original in-service-date.
2-calculation of the necessary…
I have two assets that were placed in service in 2020 and the company was sold in 2020. When I depreciate - it is taking the whole amount and is not subjecting it to 280F(d)(7) luxury automobile limitations for TY20. Can you provide guidance on how to…
Hello,
We have a few assets that we set up in 2021 and took 100% bonus depreciation(Section 168) on the full cost at the time. I'll use $25k as an example for the original cost. Additional invoices were received in 2022 which increased the value of…
