Fixed Assets - Load of ACE tax book

WSchmatz

Active Member
I have a client that has been using JDE for Fixed assets for about two years now and their tax department would like to begin using it for federal(US) and state reporting. A problem was encountered loading the tax book for ACE reporting. The problems are:

1. How to get the adjusted basis at 04/30/90. We have the original
cost, but it seems that the depreciation is based on an adjusted
basis.
2. How to depreciate this adjusted basis.
3. How to keep the original cost in the depreciation records.

If anyone has had experience with this issue I would like to know how you resolved these issues.

Thanks in advance.


Bill Schmatz
Business Systems Solutions, Inc

B7332, AS400
 
To you 3 questions I suggest create a new ledger type and customize a report to extract according your necessity.
 
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