Fixed Assets - EBS (MOSC)

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Adjusted 4562 report pulling incorrect cost amount

edited Aug 22, 2014 1:55PM in Fixed Assets - EBS (MOSC) 4 commentsAnswered


I have a group of assets in my tax book that were entered into the book at one cost for example $84,000 then the user thought they were eligible for bonus depreciation so they changed the cost to $42,000.  They subsequently learned that this category of assets was not eligible for bonus depreciation and changed the cost back to $84,000.  (We won't get into why they went this route in the first place).  Now, the tax reserve ledger report is pulling the cost in at $84,000 but the 4562 report is pulling the cost in at the $42,000.  Both reports

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