[Jake Stromecki]

I have a client who is transferring fixed assets from an old system into GP, and I’m having trouble figuring out which depreciation methods to use for their tax book.

In their old system, they used the following methods:

MA200 – MACRS Formula + section 168
MF200 – MACRS Formula
MF150 – MACRS Formula
MF100 – MACRS Formula

I believe I can simulate MF200 and MF150 in GP with 200% DB (or 150% DB) with Half Year averaging and Straight-Line switchover, but how do I simulate the MA200 and MF100 methods?

Also, since the assets are already partially depreciated, do I need to manually calculate if the switchover should have already happened and put it in as Straight Line or will GP do that for me?

Thanks!

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Jake Stromecki
Software Solutions Group, Inc.
Amherst NY
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[Barb Schroth]

I can’t say that I have had anyone using those before but I would have to make the assumption that you would set the depreciation method to ACRS Personal and the percentages in the Dynamics..ACRSTBL table would take care of it.  I would probably try some of these assets in a test company and see what they calculate compared to their current system.
Dynamics should figure out when to switch to straight line.  You shouldn’t have to figure that out ahead of time.
Hope that helps!

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Barb Schroth
Senior Associate
RSM US LLP
Minneapolis MN
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