How do I include or exclude the 168/179 Allowance into depreciation expense?

Summary

Settings to allow reports to include or exclude 168 or 179 amounts as expense.

Description

 

Cause

Resolution

In order for the section 168 or section 179 amounts to be included in depreciation expense:

 

  1. Go to: File, Edit Company, Check the Box for Include Sec 168(k) & Sec 179 in Expense
  2. A Warning message will appear, Click Yes.
  3. Click OK on the Edit Company screen to save the changes.

To exclude 168 Allowance, uncheck the option Include Sec 168(k) & Sec 179 in Expense

NOTE: This function does not calculate the section 168 Allowance or Section 179. It is a cosmetic change on the reports to allow the 168 or 179 amount to appear as expense and can be toggled on and off as needed.

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Solution Properties

Solution ID
222924150017413
Last Modified Date
Mon Nov 21 17:55:39 UTC 2022
Attributes
Product Information
Tier: Lite
Tier: Lite50
Tier: NW
Tier: Prem
Tier: SFA50
Tier: SU
Version: 2026-0
Version: 2026-1
Version: 2027-0
Modules: Depr
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