Beginning Accumulated Field

Use this book information field in Asset Detail to enter the total of all depreciation calculated on the asset since you placed it in service, including the amount entered as the beginning YTD depreciation.

If you are entering an asset for which you have already computed depreciation, Asset Detail provides three fields - Beginning Date, Beginning Year-to-Date, and Beginning Accumulated - for entering this depreciation information. For more information on how beginning depreciation works, see Beginning Depreciation Fields.

Note: When applicable, the Beginning Year-to-Date and Beginning Accumulated fields should include bonus depreciation but not Section 179 expense or the 168 Allowance. You enter Section 179 expense in the 179 Deduction field. The system calculates the 168 Allowance and displays the amount in the 168 Allowance Amount field. The Section 179 expense and the 168 Allowance are displayed separately in Asset Detail because special rules and limitations apply to these values.