168 Allowance Amount Field

This book information field in Asset Detail displays the 168 Allowance deduction. This amount is calculated only when you select one of the following "Plus 168" depreciation methods:

• Depreciation method MA: MACRS formula plus 168 Allowance

• Depreciation method MR: MACRS Indian Reservation plus 168 Allowance*

• Depreciation method AA: ADS straight-line MACRS plus 168 Allowance

• Depreciation method SB: Straight-line, full-month plus 168 Allowance

*See MACRS Method MR.

In addition, select an available allowance deduction in the 168 Allowance % field.

See 168 Allowance % field for legislative changes that outline the percentages available for the applicable periods.

Note: The 168 Extra feature allows you to use a 168 Allowance % not valid for federal purposes for assets placed in service in years 2023 and later.