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fDesc[0] = "Some things in life are more complicated than they have to be, but you can be sure that CorpSystem Fixed Assets isn’t one of them. With just a few clicks of your mouse, your fixed asset accounting, management and depreciation tasks go from overly complicated to absolutely clear. With the easy-to-use interface, you can view how an asset’s current depreciation is calculated and allocate a specific percentage of a disposition to each asset — it’s as simple as that. In addition to comprehensive data import and conversion capabilities within Fixed Assets, you’ll have access to ready-to-file IRS forms for tax returns and easy-to-use customization options for entering fixed asset accounting information, viewing data and producing reports.
Features:
- Enter an unlimited number of assets.
- Handle like-kind exchanges, creating “book” and continuation assets.
- Create up to eight different books or copy one active book to another book, including overwritten information.
- Dispose of partial assets or group multiple assets for simplified disposal as one unit.
- Manage special bonus tax depreciation opportunities, such as recent Economic Stimulus options, Go Zone depreciation and Jobs Creation Act incentives, including Section 179 limits.
- Compute Section 179 and Section 280(f) recapture.
- Calculate negative depreciation.
- Allocate the available amount of Section 179 among all assets
- Track assets and quickly view previous activity, which allows you to identify the other assets involved in each event.";
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