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Manually Load the ACE Conversion Table

When you manually load the ACE conversion table, you must enter the existing ACE information for all assets that you placed in service before fiscal 1990.


If you have not performed any amortized adjustments or revaluations on the asset, the adjusted cost is the same as the current cost, and the rate adjustment factor is 1. Otherwise, the adjusted cost is the recoverable cost less the accumulated depreciation and the rate adjustment factor is the remaining life divided by the whole life at the time of the adjustment.


See Also

Adjusted Current Earnings

Updating a Tax Book with Accumulated Depreciation

About the ACE Interface

Automatically Populate the ACE Conversion Table

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