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Depreciation 4562
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Version
3.0
Depreciation 4562 is an extremely efficient way to
calculate Federal Tax Depreciation. Form 4562 is
computed with a minimum amount of input. This is an
idea tool for a tax professional, CPA, or anyone
needing to complete tax depreciation. Asset data
information is retained in a database for use in
preparing future tax returns. An unlimited number of
Companies or Clients can be maintained. Depreciation
4562 was created for the tax preparer that needs to do
federal tax reporting, but does not need the expense
and complexity that most depreciation application
have. All depreciation and amortization methods
required for federal tax reporting is included in an
easy to use format. Extensive On-Line Help details
methods and tax requirements. Some of the features of
Depreciation 4562 Computes and prints Form 4562.
Calculates Luxury Automobile Depreciation. Tracks
Section 179 deductions and limits. Determines the 30
or 50 percent Special Depreciation Bonus. Checks to
see if mid quarter convention is required. Nine
comprehensive reports are provided. Easy customization
of asset classes simplifies asset input. 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 conventions are provided. Depreciation is
generated using IRS tax tables. The following
depreciation methods are supported ADS Amortization
MACRS - 200 DB MACRS - 150 DB MACRS - Straight-Line
Straight - Line
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