Fixed Assets - EBS (MOSC)

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Depreciation expense in Tax book

edited Jun 22, 2016 5:06AM in Fixed Assets - EBS (MOSC) 11 commentsAnswered


We retired an asset only in Tax Book(fed) and ran the depreciation process and saw a large depreciation expense(5,322,773) and negative depreciation(5,322,722) in 2016.

The asset cost @ 10,327.36.  we have never seen this before, what happened?

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