Question
Depreciation
2017 Toyota Sienna – depreciation in 2021 was straight-line half year resulting in an annual depreciation of $5,007 using another tax software. In 2022, the asset is being set up in ProConnect with MACRS 5-year % Auto Limits Applied resulting in only $1,442. The reason for the difference appears to be in the depreciation rate. How do we get the depreciation rate to match what was taken in the prior tax year using a different tax software?
