on 2019 Oct 28 3:44 AM
Hello,
Does S4HC provide depreciation keys in USA for declining balance half year method (without bonus calculation)? We only see keys Y150 and Y200 which are for mid-quarter convention. It is mandated that my client uses half year convention instead of mid-quarter convention.
Request clarification before answering.
Lucian,
The keys you mention (S150, S200, S151, S251) are not available in our system. Below is the full list available to us as we retrieved from the "Depreciation Key: Display Details" app
DepKy Name for whole depreciation
0000 No depreciation and no interest
GWG LVA 100 % Complete write off
LINS Str.-line over rem.life pro rata to zero
M150 MACRS 15, 20 years property
M200 MACRS 3,5,7,10 years property
MANU Manual depreciation only
SU00 No depreciation - US Accounting Principle 12 per.
SUL1 SL Current Month
SUL2 SL Modified MM
SYD1 Sum-of-the-Years-Digits
Y000 No Depr No Interest Current Month Convention
Y150 DB 150% Half Year w/Bonus
Y151 DB 150% MQTR w/Bonus
Y200 DB 200% Half Year w/Bonus
Y201 DB 200% MQTR w/Bonus
YLA1 Luxury Auto
YLA2 Luxury Auto w/Bonus
YQ15 DB 150% MQTR Convention
YQ20 DB 200% MQTR Convention
YSL1 SL Current Month
YSL2 SL Mid Month
YSL3 SL Next Month
YSL4 SL MQTR
YSL5 SL Half Year
YSX1 SL Current Month w/Bonus
YSX2 SL Mid Month w/Bonus
YSX3 SL Next Month w/Bonus
YSX4 SL MQTR w/Bonus
YSX5 SL Half Year w/Bonus
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