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Former Member
Mar 02, 2011 at 10:13 PM

Can Asset be set up with different tax and book values?

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Hi,

My Client has some items that are expensed for book purposes but treated as assets for tax purposes. They want to know how or if we can set up an asset with value for tax purposes but zero value for book purposes? Also is it possible to set up assets with different tax and book values?

Any help in this regard is highly appreciated.

Thanks,

Atashi.