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author's profile photo Former Member
Former Member

Has anyone set up more than one State depreciation area in the US?

Hello.

Has anyone out there addressed the issue of differences between US state depreciation calculations by setting up more than one State depreciation area?

In my last implementation I only had to set up one area; specifically SMACRS (State Modified ACRS).

Thanks.

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 17, 2015 at 11:08 PM

    The answer I was looking for:

    In the US, best practice dictates a single State book (depreciation area) unless the client has significant presence on Alaska (AK) or California (CA), because those 2 states differ sufficiently from Federal ACRS/MACRS so as to merit their own depreciation areas.

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