Acquisition Value Field

Use this book information field in Asset Detail to enter the acquired dollar value of the asset, up to nine digits to the left of the decimal point. You can use a negative number when you have a credit or rebate on an asset that reduces its value below zero. To enter a negative number, use the minus sign on the keyboard. The program displays -$200 using parentheses; that is, ($200).

Note: The system uses the acquisition value to determine the asset's depreciable basis. The formula for determining the depreciable basis depends on the depreciation method. In general, the depreciable basis is the acquisition value, multiplied by the business-use percentage if applicable, minus any salvage value, Section 179 expense or bonus depreciation, Section 168 Allowance, and Investment Tax Credit reduction amount.