If you set up a new company in TurboTax and indicate that it wasn't started in the current year, you can add an asset by entering the cost and year put into service and the accumulated depreciation. Turbo Tax will have enough information then to continue depreciating it as if you had entered the asset in the year put into service.
Otherwise, if the organization is new and it is taking ownership of the assets, then you should enter the basis of the assets, or fair market value, whichever is less, and start depreciating them from the current year forward based on their estimated useful life.
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