| # ADR and MACRS group election During asset entry, you can make an asset eligible for asset depreciation range (ADR) or modified accelerated cost recovery system (MACRS) group tax reporting by assigning a vintage/group account to the asset in the Asset Details (tffam1600m000) session. You can also assign a vintage/group account to an asset that has been capitalized by performing an adjustment on it. When you assign a vintage/group account, LN ensures that the in-service year on the asset is the same as the year on the account. If the in-service year matches, LN adds the asset to the vintage/group account and sets the asset's life, frequency, depreciation method, and depreciate below salvage fields in the ADR book to the same values set for the account. Assets in a vintage/group account depreciate as a unit instead of individually, and are subject to different disposal and transfer options. |