AICPA introduces new software package.The AICPA AICPA See American Institute of Certified Public Accountants (AICPA). introduced AICPA Depreciation, a software package that tracks asset costs and corresponding depreciation. AICPA Depreciation spreads the cost of long-term assets Long-Term Assets 1. Reported on the balance sheet, it's the value of a company's property, equipment and other capital assets, less depreciation. 2. A stock, bond or other asset that you plan on holding in your portfolio for a lengthy period of time. over time and computes depreciation for six separate reporting bases: book, federal, state, alternative minimum tax (AMT See vPro. ), adjusted current earnings and other. The program displays acceptable depreciation methods based on previously entered information, such as dates and tax systems, and produces journal entries necessary to record depreciation for the year. Reports generated include AMT preference calculations, fully depreciated Fully depreciated An asset that has already been charged with the maximum amount of depreciation allowed by the IRS for accounting purposes. fully depreciated Of or relating to a fixed asset that has been depreciated to a book value of zero. asset reports, amortization reports, basis comparisons and overridden calculations. AICPA Depreciation (product no. 016405) is available for $495, in either 5 1/4" or 3 1/2" disk format. A network version also is available for $695 for 2 to 10 users (product no. 016407) and $995 for 11 or more users (product no. 016409). To order, call the AICPA order department at (800) 344-6961 [(800) 248-0445 in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State]. |
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