MACRS Depreciation Methods and 24 prorate periods
Hi, the seeded depreciation methods for MACRS only include 12 periods. If we want to use a 24 period prorate calendar, we need to set these up ourselves, right? How should I go about doing this? Are the 24 period rate tables published anywhere that I can refer to? Do anyone have guidance as to how to derive these?
The reason we need 24 prorate periods is because we are setting up our tax books and have read numerous articles that explain if you need half month in the first and last year for MM methods, you really need 24 period prorate calendar. None of the articles talk about how to set this up and if anyone has the MACRS methods for 24 periods already defined.
The reason we need 24 prorate periods is because we are setting up our tax books and have read numerous articles that explain if you need half month in the first and last year for MM methods, you really need 24 period prorate calendar. None of the articles talk about how to set this up and if anyone has the MACRS methods for 24 periods already defined.
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