If you are looking for an affordable fixed asset depreciation program that calculates depreciation using both tax and GAAP (financial statement) depreciation methods and produces easy to read depreciation schedules, then our Depreciation Calculator software is an excellent choice.
Our software was designed and written with the focus on user-friendliness, functionality, and value. This is the only software we sell; therefore, it is our main focus. Our long-term goal is to keep Depreciation Calculator up-to-date with the latest tax law changes that affect the calculation of depreciation, and to add the features that our customers most often request.
Depreciation Calculator has been updated to include the provisions of the American Taxpayer Relief Act of 2012 that affect the calculation of depreciation for 2012 and 2013:
15 year straight-line recovery period for qualified leashold improvements, qualified restaurant buildings & improvements
Increased Section 179 expense limits ($500,000) & acquisition thresholds ($2,000,000)
50% bonus depreciation
Our depreciation software supports the following tax depreciation methods: ACRS, MACRS, and corporate ACE (Adjusted Current Earnings). Depreciation calculations are made for both regular tax and alternative minimum tax (AMT) purposes.
The following depreciation methods are supported for GAAP (financial statement) depreciation purposes: straight-line and declining balance (125%, 150%, 175%, and 200%).
Our depreciation schedule reports are prepared on the basis of federal tax, state tax, and book (GAAP/financial statement) purposes for both regular tax and alternative minimum tax (AMT). Federal Form 4562 is also prepared.