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DPC8 generates tax and book purpose depreciation schedules for fixed assets. For tax purposes, it uses the IRS defined Modified Accelerated Cost Recovery System (MACRS). DPC8 gives you the option of using the MACRS half-year or mid-quarter convention for property being depreciated over 3, 5, 7, 10, 15 or 20 years. It also handles 27.5- and 39-year assets. For book purposes, DPC8 generates schedules of any duration with either straight line, double declining balance or the sum of the years digits method. DPC8 handles fiscal years that do not follow the calendar year, and salvage values for book purposes.Some types of depreciation are not available except in the registered version, which is $15.
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