Depreciation computations made easy.

From: The National Public Accountant | Date: March 1, 1991| Author: Hutton, Marguerite R.; Lockhart, Julie A. | Copyright information

Depreciation Computations Made Easy

Currently, corporations may need to perform as many as three different tax depreciation calculations for any given asset: for regular tax, alternative minimum tax (AMT) and most recently, adjusted current earnings (ACE) purposes.(1) Starting in 1990, corporations are required to make an additional AMT adjustment for 75% of the difference between ACE and Alternative Minimum Taxable Income (AMTI).(2)

Over time, while attempts ha...

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