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Depreciation - Selecting "Other Asset" for Depreciation Criteria
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Select "Other Asset" for the Asset type if you wish to enter an asset with the depreciation having specific criteria not defaulted with any other Asset type selection in the TaxAct® program.

This will allow you to select the method, life, and convention of the depreciation as needed in the specific situation. We provide this category of asset to allow the customer to determine the exact criteria for the depreciation when necessary.