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- Form 990 Gain/Loss Not Calculating Correctly
Form 990 Gain/Loss Not Calculating Correctly
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MEGMAS
Level 1
09-28-2022
08:20 AM
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990 is not calculating the gain/loss on sale of non-inventory assets correctly.
It is not taking into account the original cost of the asset, only the accumulated depreciation.
It is calculating a "gain" equal to the accumulated depreciation.
On 09/20/22, it was correct. On 09/28/22, I saw the change.
Anyone else?
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