| # Print Vintage Account and Assets Register (tffam7471m000) Use this session to provide a hard copy of vintage account values including the related assets from the ADR asset book defined in the FAM Parameters (tffam0100s000) session. Vintage/Group Account You use vintage or group accounts to associate and maximize the United States tax deduction for assets subject to asset depreciation range (ADR) and modified accelerated cost recovery system (MACRS) group depreciation. You can create either a MACRS group account, for any MACRS asset placed into service after 1994, or an ADR Vintage account, for assets placed into service prior to 1980. Assets in a vintage or group account are depreciated as a group, and are subject to different disposal rules than assets that are not part of an account. Vintage/Group Acct You use vintage or group accounts to associate and maximize the United States tax deduction for assets subject to asset depreciation range (ADR) and modified accelerated cost recovery system (MACRS) group depreciation. You can create either a MACRS group account, for any MACRS asset placed into service after 1994, or an ADR Vintage account, for assets placed into service prior to 1980. Assets in a vintage or group account are depreciated as a group, and are subject to different disposal rules than assets that are not part of an account. Category Used to classify an asset and provide data entry defaults during asset entry. Categories have associated subcategories, which are assigned by default. Category Used to classify an asset and provide data entry defaults during asset entry. Categories have associated subcategories, which are assigned by default. Default Subcategory Subcategories provide additional classification of assets within a category. For each category, you enter one or multiple subcategories. Default Subcategory Subcategories provide additional classification of assets within a category. For each category, you enter one or multiple subcategories. Currency From the Tools menu, choose Rotate Currency to switch home currencies. |