Lessor Accounting Software Reporting
Flexible Reporting for Finance and Operating Leases
Trial Balance Reports
The depreciation report will depreciate equipment for book or for tax. For book, a straight line approach is taken and equipment can optionally be depreciated down to the value of the residual. For tax, IRS publication 946 is followed. This includes MACRS 200% or 150% methods and bonus depreciation is supported. If a piece of equipment is sold, a gain or loss calculation is reported.