Property Type Z - SLMM or SLFM

SUGGESTED

The default Depreciation Method for "Z" property type is now SLFM or Straight-line, Full-month. I believe the default was SLMM or Straight-line, Mid-month. When did this change and does this cause a change in accounting method? 

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    SUGGESTED

    Hello Rhys,

    I am unaware of any specific change in the program, but the default method which appears in any book running under the GAAP rules, is set on the Book Defaults tab under Edit company which you can change to be any of the GAAP methods available.



    Now if you are talking about the Tax book, SF is the default for Property Type Z since there are some rules, mostly for off the shelf software assets, which make the SF the correct choice.

    ~Delray