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General Discussion Leasehold Improvement useful life and depreciation method changed from last year (39 years/MF100) to this year (15 years/MA150) by itself

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Leasehold Improvement useful life and depreciation method changed from last year (39 years/MF100) to this year (15 years/MA150) by itself

Posted By cheriemichelle over 4 years ago

It will not allow me to change it back to 39/MF100 for this year. I am getting an error message that says the 39 year useful life is invalid when I try to change it back.

0 Lovisa over 4 years ago

What is the property type used? For the MF100 to be able to give the 39 yr life the property type needs to be R.
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0 cheriemichelle over 4 years ago

it is p. thank you!
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Sage Fixed Assets

Leasehold Improvement useful life and depreciation method changed from last year (39 years/MF100) to this year (15 years/MA150) by itself

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