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Investment Tax Credit Report

This report shows the amount of investment tax credit (ITC) you can claim on the assets you add. The report is sorted by asset account and asset number. It prints totals for each asset account.

You must enter a tax Book when you request this report.

Selected Headings

Recoverable Cost: Current Cost - Salvage Value - ITC Basis Reduction Amount

<ITC Ceiling>: An asterisk (*) in this column indicates that the asset has an ITC ceiling. You can review the ceiling amount in the Ceilings form.

See Also

Setting Up Depreciation Ceilings

Common Report Parameters

Common Report Headings

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