• Depreciation rates

    Hello!  We use the Sage Premier product. I'm wondering if there is any way to see what rates are being used for depreciation for each method?  I've not seen it in a table. I assume it may come with the updates and be in the software itself. Is there…

  • Tax Depreciation for Autos With Bonus

    I have 3 questions related to this topic.

    1. Our company's tax advisor says that for luxury automobiles that have 100% Bonus (e.g. $18,000 for a car purchased in '18), they should have no more tax depreciation on them till year 7.  The way Sage software…
  • Straight Line Calculation

    Is there somewhere that I can find details on the formulas used by sage to calculate deprecation?

    We are moving from Lawson Fixed Assets to Sage Fixed Assets and our calculations are not coming out correctly. 

    Thanks 

  • Luxury auto calcs wrong in years subsequent to a section 168 bonus election

    Bonus Depreciation on luxury autos. I have posted on this site regarding this issue before yet after 3 years, I still cannot get a straight answer. For a luxury auto placed in service in years with 50% bonus depreciation, the allowable section 168 bonus…

  • Section 179D Deduction Calculation In Sage FA 2016

    I'm having a disagreement with my company's internal tax accountant.  She is claiming that Sage FA is not treating the 179D deduction for the HVAC unit in a new building.

    From what I can see & have rechecked Sage is calculating depreciation correctly…

  • Unable to use MA100 for Real Property with a 2016 In-Service Date

    I am trying to select MA100 for the tax depreciation method on an asset added with an in-service date in 2016 with the R property type. The MA100 is no longer in the dropdown box. If I change the acquisition year from 2016 to 2015, then I am able to use…

  • Help with some items 2015.1

    I have a team that is going to meet with me tomorrow to discuss the following items with Support unless I get them from other sources.  I went to knowledge base, so I figured this was the next step in the process.  Here are the items we could use some help…

  • What is the best method for setting a period close after the actual period close date?

    Hello,

    I forgot to set the period close date when we closed our fiscal year.  We have since run four months of depreciation, with no "reset date" that will work for resetting, running a period close, and then re-running depreciation for the affected assets…

  • Assets not depreciating (amortizing) as expected

    Hello,

    We have intangible assets that are not depreciating properly in the final year of their life.

    At the end of the prior fiscal year, the NBV and depreciation amounts were correct.  I closed the period, as usual, and ran depreciation in period 1 of…

  • Disposals

    Hello,

    When we process disposals between periods, the Internal depreciation calculation will not calculate for the disposed assets. The depreciation is calculated for Tax. Has anybody experienced this before?

    Thank you,