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200% declining depreciation on an asset put in service in 2015. Why is this giving me an error "Reference# 2025012"?

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For double declining balance method to be applied correctly under MACRS, you need to select "MACRS - #-year %...."  # corresponds with the class life of the asset.  Double declining balance is working fine with me.

If you are still getting an error message after trying this, please provide more info about what you have entered and where you see the error.

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Still an AllStar

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6 Replies 6
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What depreciation code did you use? What time period? When put into service?

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I am also getting this error for an item with 150% method and 2012 year of service...
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Level 15
@ryann I can only ask what code you are using? Be sure it is a MACRS code and not just 150%DB. Look at the excellent answer ITONewbie gave.

ex-AllStar
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Level 15

For double declining balance method to be applied correctly under MACRS, you need to select "MACRS - #-year %...."  # corresponds with the class life of the asset.  Double declining balance is working fine with me.

If you are still getting an error message after trying this, please provide more info about what you have entered and where you see the error.

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Still an AllStar

View solution in original post

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thank you so much @itonewbie this is helpful!
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Level 15
YAVW, @abcdefg!  Glad you find it helpful.
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Still an AllStar
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