• Enhancements to Software - Best Practice for Asset Setup

    FormerMember
    FormerMember
    Background: Our base software was acquired and placed into service on 1/1/2019. Useful life is 5yrs. Enhancements were done and placed into service on 4/1/2019. What is the best approach for the setup of the enhancement asset? Setup as a separate asset…
  • Adding estimated life to accelerated Depr method

    Hi I have a location using MF100 on their internal books. They would like the asset to have a life of 12 years which is not currently an option. Is there anyway to add a 12 yr life? I know that accelerated methods are typically reserved for tax books…