Category/Class Maintenance - Tax/AMT Depreciation Defaults

Program/Screen: RAECCM/RAECCM40

Description:

Use this screen to enter tax and alternative minimum tax (AMT) details for the category/classTwo-part classification for individualized and bulk equipment. Rental rates are entered by category/class, and the ID number for bulk items is the category/class ID.. This information is used when calculating depreciation for equipment associated with this category/class.

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Navigation
Fields
Function Keys

Navigation

Access this screen by pressing F10=Tax/AMT Dep from the Category/Class Maintenance screen. Enter details for tax and AMT depreciation, and then press Enter to return to the previous screen.

Unique Category/Class Maintenance Screens

Category/Class Maintenance - Launch

Category/Class Maintenance

Locations

Tax/AMT Depreciation Defaults

G/L Revenue Distribution Inquiry

Fields

Category/Class

Displays the codes for the category/ class for which you are entering tax and AMT depreciation defaults.

Description

Displays the description of the category/class.

Bulk?

Indicates if the category/class is for bulk itemItem that is kept in inventory in bulk quantities and rented to customers. For example, drill bits and chisels.s.

Kit?

Indicates if the category/class is a kit.

G/L Type Code

Displays the code that associates this category/class with the general ledger type for revenue distribution when this category/class is rented.

Replacement value

Displays the amount it would cost to replace equipment in this category/class.

Tax salvage value

Enter the salvage value of equipment in this category/class that you use for taxation purposes. Salvage value is the estimated value of equipment at the end of its useful life.

AMT salvage value

Enter the salvage value of equipment in this category/class that you use for alternative minimum taxation purposes.

TX4 salvage value

Enter the salvage value of equipment in this category/class that you use for TX4 taxation purposes

TX5 salvage value

Enter the salvage value of equipment in this category/class that you use for TX5 taxation purposes

Tax depreciation method

Enter the code that represents the method of depreciation you employ for taxation purposes.

AMT depreciation method

Enter the code that represents the method of depreciation you employ for alternative minimum tax purposes.

TX4 depreciation method

Enter the code that represents the method of depreciation you employ for TX4 tax purposes.

TX5 depreciation method

Enter the code that represents the method of depreciation you employ for TX5 tax purposes.

Tax depreciation life

Enter the life of equipment in this category/class in months for tax depreciation purposes.

AMT depreciation life

Enter the life of equipment in this category/class in months for alternative minimum tax depreciation purposes.

TX4 depreciation life

Enter the life of equipment in this category/class in months for TX4 depreciation purposes.

TX5 depreciation life

Enter the life of equipment in this category/class in months for TX5 depreciation purposes.

Function Keys

Function Key	Description
F1	Help. Place your cursor in a field and press F1 to access online help for that field. Place your cursor outside of any field, and press F1 to access online help at the program level.
F3	Exit. Exit the page or program.
F4	Search. Place your cursor in a searchable field and press F4 to access a lookup window or more advanced search screen.
F12	Cancel/Previous. Exit the program or move back a screen.