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Level 1
December 7, 2019
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Are Non Profit Org formed in year 2007 required to use the Alternative Deprec System?

  • December 7, 2019
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Best answer by sjrcpa

Maybe. They can't use MACRS. Mine use GAAP accounting and we use book depreciation for the 990.

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sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

Maybe. They can't use MACRS. Mine use GAAP accounting and we use book depreciation for the 990.

The more I know the more I don’t know.