Use Depreciation Limit - USE ITC Ceilings

Use Depreciation Limit: Check the Use Depreciation Limit check box if you want to depreciate an asset beyond its useful life. You can enter the default depreciation limit as a percentage or an amount.

USE ITC Ceilings: If you are defining this category for a tax book, indicate whether assets in this category are eligible for Investment Tax Credit (ITC) and whether assets in this category Use ITC Ceilings.

Mass Property Eligible: Check the Mass Property Eligible check box if you want to make assets added to this category eligible for mass property treatment.

Group Asset: In the Group Asset field, you can enter the group asset to which all assets added to this category will be assigned. If you enter a group asset number in this field, all capitalized and CIP assets using this category will be automatically assigned to the group asset entered.