Program Features

Depreciation Calculator Pro Ⅱ packs professional-grade depreciation capability into a program that stays simple to use. Here is what you get.

Depreciation Calculations

• Complies with the One Big Beautiful Bill Act (OBBBA)
• Automatically calculates MACRS depreciation, including first-year bonus depreciation for qualified assets in applicable years
• MACRS for asset lives of 3, 5, 7, 10, 15, 20, 27.5, 31.5 and 39 years
• ACRS for asset lives of 3, 5, 15, 18 and 19 years
• Half-year, mid-month and mid-quarter conventions applied automatically
• Mid-quarter convention test, with an option to force its use
• GAAP (book) depreciation: straight-line and declining balance (125%, 150%, 175%, 200%)
• Regular tax and alternative minimum tax (AMT) calculations
• Amortization of intangibles
• Luxury automobile depreciation limitations computed automatically
• Annual truck and van depreciation limitations
• Section 179 allowance reduction test for the year
• Option to override current-year depreciation when needed
• Handles negative depreciation and amortization for special cases

Asset & Company Management

• Handles multiple companies (limited only by disk space and RAM)
• Supports fiscal years and short years
• Automated year-end update that rolls accumulated depreciation forward
• Removes assets disposed of in prior periods during year-end update
• Bulk sale of several assets in a single transaction
• Computes recaptured Section 1245 gain as ordinary income
• Select depreciation methods from convenient drop-down menus

Reports Produced

• Federal and state regular-tax depreciation reports
• Annual, monthly and quarterly book (GAAP) depreciation reports
• Monthly book accumulated depreciation report
• Monthly and annual net book value reports
• Monthly depreciation journal entry
• Current-year acquisitions report
• Current-year dispositions report
• IRS Form 4562 and supporting schedules
• IRS Form 4797 and supporting schedules
• Group totals report for federal, state and book (GAAP)
• Worksheet for preparing a Business Property Tax Statement
• Asset detail listing with description, location, serial and asset ID, date acquired and cost

Support & Usability

• User manual explaining how to use the program
• Context-sensitive help available any time with the F1 key
• Asset input form expands to full screen for easy data entry
• Updated annually — see the Annual Updates information for details