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CCH Axcess Tax

Cost/Other Basis

The following entries are subtracted from the "Cost/Other Basis" entered to arrive at depreciable basis:

• Current year Section 179 expense
• Bonus depreciation
• Commercial Revitalization/Disaster clean-up expenses deduction
• Prior year Section 179 expense
• ITC basis adjustment
• Current year ITC
• Salvage, if applicable

The federal "Cost/Other Basis" entry is also used as a default when computing AMT depreciation and state if different depreciation when entries are not present for "AMT Basis (if different)" and Depreciation and Amortization worksheet, General section entries of "Cost/Other Basis" and "AMT Basis (if different)."