@Good-Golden wrote:
AmeliesUncle, the company has been using 3 year-straight-line depreciation for all computers. If we want to use 3 years, how do we do that? I have done the steps to enter the depreciation type and recovery period manually -- it does not calculate correctly. I have read about overriding and using the FORMS. What is your advise?
You are not allowed to use 3 years for computers. It is not an option to use 3 years, and you MUST use 5 years.
Don't override. Once you change it to 5 years, you SHOULD be able to enter the information correctly to get the proper amount. For "Depreciation Type" you need to enter "MACRS". It should give you $156 for depreciation.
