I am entering Goodwill in the asset entry worksheet. I entered description, dates, costs and type of asset as L Amortizable intangibles. Nothing happens. Where do I enter 15 years, how does ProSeries calculate the deprecation?
I did not see it. But I entered 197 under IRC section under which intangible asset cost is amortized, checked Asset Life History and it it shows 15 years next to life. I am not sure if this is way to get it done.
