Can I print a list of depreciation methods used to input in ProConnect?

Question

I cannot see the depreciation methods drop-down menu in its entirety. Can I retrieve a list of the methods by number and description?

Rox · Accepted Answer

Thank you.

George4Tacks · Answer

https://accountants.intuit.com/support/en-us/help-article/fixed-assets/depreciation-methods/L7qfgF8FA_US_en_US?uid=lqfb4ac3

ENTRY	MACRS METHOD	CALCULATION
34	3-yr % personal	IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 200DB
35	3-yr SL personal	IRS PUB: Tables 8-12, IRS Pub. 946 CONVENTION: mid-quarter or half-year
43	5-yr % personal, automobile limits are not applied Designated as listed property	IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 200DB
44	5-yr % personal, automobile limits are not applied Designated as listed property	IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year
53	5-yr % personal, automobile limits are not applied	IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 200DB
54	5-yr SL personal, automobile limits are not applied	IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year
55	>5-yr % automobile limits applied	IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year (see listed property limitations) METHOD: 200DB
56	5-yr SL automobile limits applied	IRS PUB: Tables 8-12 , IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year (see listed property limitations)
57	7-yr % personal	IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 200DB
58	7-yr SL personal	IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year
64	10-yr % personal	IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 200DB
65	10-yr SL personal	IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year
66	15-yr % personal	IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 150DB
67	15-yr SL property	IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year
68	20-yr % property	IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 150DB
69	20-yr SL property	IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year
41	25-yr SL property	IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year
85	27.5 SL Residential RE	IRS PUB: Table 6, IRS Pub. 946 CONVENTION: mid-month
87	31.5/39 SL Nonresidential RE	IRS PUB: Table 7, IRS Pub. 946 CONVENTION: mid-month
88	50-yr SL Railroad	IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year
ENTRY	ACRS METHOD	CALCULATION
30	3-yr % automobile	IRS PUB: IRS Pub. 534 percentages (luxury car limitations/listed property automatic) CONVENTION: full year
31	3-yr SL automobile	IRS PUB: divides depreciable basis by life (luxury car limitations/listed property automatic) CONVENTION: full year
32	3-yr % personal	IRS PUB: IRS Pub. 534 percentages CONVENTION: full year
33	3-yr SL personal	IRS PUB: divides depreciable basis by life (and divides by 2 for the first year) CONVENTION: full month
50	5-yr personal	IRS PUB: IRS Pub. 534 percentages CONVENTION: full year
51	5-yr SL personal	IRS PUB: divides depreciable basis by life (and divides by 2 for the first year) CONVENTION: full month
60	10-yr % property	IRS PUB: IRS Pub. 534 percentages CONVENTION: full year
61	10-yr SL property	IRS PUB: divides depreciable basis by life (and divides by 2 for the first year) CONVENTION: full month
62	15-yr % public utility	IRS PUB: IRS Pub. 534 percentages
63	15-yr SL public utility	IRS PUB: divides depreciable basis by the life (and divides by 2 for the first year)
70	15-yr % x low income RE	IRS PUB: Table 2, IRS Pub. 534 (if asset was placed in service between 3/16/84 and 5/8/85) or Table 3 (if placed in service after 5/8/85) CONVENTION: full month
71	15-yr SL low income RE	IRS PUB: Divide depreciable basis by the life CONVENTION: full month You can use alternate lives of 35 and 45 years. The program doesn't use the table available for these lives but divides the depreciable basis by the life.
80	15-yr % Real property	IRS PUB: Table 1, IRS Pub. 534 (for assets placed in service before 3/16/84) CONVENTION: full month
81	15-yr SL Real property	IRS PUB: divides depreciable basis by the life CONVENTION: full month
89	15-yr SL RE (tables)	IRS PUB: straight-line % instead of dividing by the life
82	18/19-yr % RE	IRS PUB: Assets placed in service between 3/16/84 and 5/8/85 should use an 18-year life. Assets placed in service between 3/16/84 and 6/22/84 use Table 5, IRS Pub. 534 Assets placed in service after 5/8/85 have 19-year life and use Table 6, IRS Pub. 534 Assets placed in service between 6/23/84 and 5/8/85 use Table 4, IRS Pub. 534 CONVENTION: assets placed in service between 3/16/84 and 6/22/84: full month; between 6/23/84 and 5/8/85: mid-month; after 5/8/85: mid-month
83	18/19 SL RE	IRS PUB: 18-yr assets use Tables 7 and 8, IRS Pub. 534; 19-yr asset use Table 9, IRS Pub. 534 CONVENTION: mid-month Life dates are the same as for method 82
ENTRY	NONRECOVERY	CALCULATION
90	Half-year	Considers an asset placed in service at the mid-point of the tax year. Divides basis by the life (2 years) and prorates the amount by the number of months held that year.
91	Straight-Line	Divides basis by the life and prorates the amount by the number of months held that year. An asset is held for the whole month if placed in service before the 16th of the month.
92	200% DB	Calculates depreciable basis, subtracts prior depreciation, multiplies the result by 2, divides by the life, and prorates the total by the number of months held that year. An asset is held for the whole month if placed in service before the 16th of the month.
93	150% DB	Calculates depreciable basis, subtracts prior depreciation, multiplies the result by 1.5, divides by the life, and prorates the total by the number of months held that year. An asset is held for the whole month if placed in service before the 16th of the month.
94	125% DB	Calculates depreciable basis, subtracts prior depreciation, multiplies the result by 1.25, divides by the life, and prorates the total by the number of months held that year. An asset is held for the whole month if placed in service before the 16th of the month.
95	Units of Production	Divides adjusted basis by beginning reserves multiplied by units produced.
96	CLADR	No calculation. Must use the override Current Depreciation/amortization (-1=none) [O] in the Regular Depreciation section.
97	IDC S/L Amort	For oil and gas, calculated IDC expense using 60 month straight-line
ENTRY	LAND	CALCULATION
99	Land	Tracking purposes only

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