CCH Axcess Tax

Current ACE

Enter the grossACE depreciation whenever using the accountant force options for assets placed in service prior to January 1, 1994. Enter the Force Calculation field for the particular asset you wish to force, or enter a "3" or "4" on the Depreciation Options and Depletion Overrides worksheet > Depreciation Options and Overrides section, in the "Code to Force Accountant Computed Depreciation on All Assets"field. The entry on the Depreciation Options and Depletion Overrides worksheet will force current ACE depreciation for ALL assets placed in service prior to January 1, 1994 on the AMT/ACE depreciation report and in the computation of the ACE depreciation adjustment in the return. If zero ACE depreciation is desired, enter a zero. The amount entered is multiplied by the business percentage computed.

If an entry is made in the Force Calculation field, or "Code to Use Accountant Computed Depreciation on All Assets" election is made for an asset and no current ACE depreciation amount is entered, the computed current year ACE depreciation amount carries to the AMT/ACE depreciation report and is used to compute the ACE depreciation adjustment. A diagnostic message is issued indicating the computed amount.

This field is not valid for Form 1120S returns.