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Former Member
Oct 02, 2008 at 05:58 PM

Depreciation Keys for US,Canada, PR

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Hi All

For Canada, I have 01-book dep local currency, 21 - ADS Historical Tax Book(CAD), 22ADS FMV Tax Book (CAD), 32 USD/US GAAP, 15 Capital Cost Allowance Percentage.

For PR, 01-book dep S/L starting beginning of period, 21 - ADS Historical Tax Book, 22ADS FMV Tax Book

For US, 01 - Book dep S/Lstarting beginnning of period, 10 FederalTaxACRS/MACRS - 3,5,7,10 years prop, 11 Alternative minimum tax 150% DB, 12 Adjst current Earnings - Alt min tax 150% DB, 13 Corp E & P half years - All years, 42 - State Tax 1 - Declining Balance 2x, 43 - State Tax 2 - S/L from acq. Value to zero w/o interest

Please guide me as to what dep keys have to be used for all the above Dep areas.

Appreciate your help.

Thanks