| # Periodic Processing Reports These are the reports you can run: Asset Purge: Lists all assets to be purged for a specified period, by book and by company. Transaction Purge: Lists all asset transactions to be purged during period end. IRS Form 4562 Depreciation and Amortization: Provides federal tax book data on depreciation and amortization expense in IRS Form 4562 format. IRS Form 4797 Sale of Business Property: Provides federal tax book data in IRS Form 4797 format. IRS Form 4255 Investment Tax Credit Recapture: Provides federal tax book data for ITC recapture on asset disposals in IRS Form 4255 format. IRS Form 3468 Investment Tax Credit Schedule: Provides federal tax book data for ITC assets in IRS Form 3468 format. IRS Form 4626 Corporate Alternative Minimum Tax Supporting Schedule: Provides federal tax book data for the calculation of alternative minimum tax in IRS Form 4626 format. FAS 109 Deferred Tax Report: Provides a report indicating the deferred tax component created by the timing differences that result from the use of different depreciation rules in different books. Depreciation Expense Projection: Lists the projected depreciation expense for assets in the selected books; project expenses over either the current year, or a range of the next two to five years. Note The tax reports are based on forms from the year 1997. |