CCH Axcess Tax

Method

Enter the state if different depreciation method.

If no entry is made, the federal "Method" entry is used to calculate state depreciation.

Refer to the explanation of valid method entries in the Method field.

See Also

Asset Number

Life/Rate

Valid codes for these fields:

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| ** MACRS Methods ** |
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M Modified ACRS (200%, 150%, & 100% Declining Balance per life) - Calculated
ME Modified ACRS (150% Declining Balance) & Farm Assets (post 12/31/88)
MSL Modified ACRS (Alternate Straight Line)
MRF Modified ACRS (150% Declining Balance) for Farm Real Property
MT Modified ACRS (200%, 150%, & 100% Declining Balance per life) - IRS Tables
ADS Alternative Depreciation System
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| ** Other Methods ** |
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CO Carryover of Prior Year Section 179
CO1 Carryover of Prior Year Real Property 179 - Switch to MSL
CO2 Carryover of Prior Year Real Property 179 - Switch to ADS
L Land or Leased Auto
NC No Calculation
A Amortization
A197 Amortization of Section 197 Intangibles
VAR Various Methods
CS Computer Software and Mortgage Servicing Rights
FILM Film, Theater, and Television Productions
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| ** ACRS Methods ** |
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R ACRS Personal Property
R3 ACRS 3-Year Straight Line Election
R5 ACRS 5-Year Straight Line Election
R10 ACRS 10-Year Straight Line Election
R15 ACRS Low Income Housing (Optional)
RL ACRS Low Income Housing (Prescribed)
R15L ACRS Low Income Housing (Straight Line)
C ACRS Real Property
CSL ACRS Real Property (Straight Line)
P ACRS Public Utility Property
PSL ACRS Public Utility (Straight Line)
FP Foreign Property Used Outside U.S.
QLP Qualified Leased Property
TEO Tax-Exempt Obligations
RRB Retirement-Replacement-Betterment Prop.
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| ** Depletion Methods ** |
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A1 Intangible Drilling Costs Capitalize Section 57(e), 60 month Depletion Only
A2 Intangible Drilling Costs Capitalize Section 291(b), 36 month Corporate
Depletion Only
A3 Intangible Drilling Costs Capitalize Section 291(b), 60 months Corporate
Depletion Only
UP Units of Production
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| ** Old Law Methods ** |
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SL Straight Line
D 125 Percent Declining Balance
DB 150 Percent Declining Balance
DDB 200 Percent Declining Balance
DA 125 Percent Declining Balance Switching to Straight Line when Advantageous
DBA 150 Percent Declining Balance Switching to Straight Line when Advantageous
DDBA 200 Percent Declining Balance Switching to Straight Line when Advantageous
SYD Sum of the Years Digits

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