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AICPA introduces new software package.

The AICPA introduced AICPA Depreciation, a software package that tracks asset costs and corresponding depreciation.

AICPA Depreciation spreads the cost of long-term assets over time and computes depreciation for six separate reporting bases: book, federal, state, alternative minimum tax (AMT), 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 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 State].
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Title Annotation:AICPA Depreciation software
Publication:Journal of Accountancy
Date:Jul 1, 1992
Previous Article:AICPA issues brochure on CPA services.
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