Adjusted 4562 report pulling incorrect cost amount
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