Financial - JDE1 (MOSC)

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Fixed Asset Tax Reporting

edited Oct 28, 2014 5:51PM in Financial - JDE1 (MOSC) 3 commentsAnswered
Hello,

I am working on setting up the tax reporting in the Fixed Assets. When I am setting up assets with an Investment Tax Credit (ITC), do I put the full cost of the asset in beginning balance, then put the ITC amount into the ITC section of the Fixed Asset Master. After that, how does the depreciation get calculated?  Any help with tax reporting would be appreciated.

Thanks,

Ben

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