Baxter13
Level 2
03-27-2023
04:20 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hello, I need to enter depreciable asset, a building that has cost of land which is not depreciable. How can I enter the cost of building and the cost of land for the depreciation expense and at the same time keep the record of actual cost for going forward
Solved! Go to Solution.
Labels
PhoebeRoberts
Level 11
03-27-2023
04:22 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Personally, I set the building and land up as two separate assets.
Baxter13
Level 2
03-27-2023
04:50 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thanks for the reply. Can I see the depreciation worksheet in proconnect? I am first time user after using proseries for long time.
PhoebeRoberts
Level 11
03-27-2023
04:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It'll be in the forms when you view the return.
I'm a Lacerte user, and ProConnect is close enough to Lacerte that I can guess how it'll work more or less. ProSeries to ProConnect is a steep learning curve!
Baxter13
Level 2