I have partially disposed of an asset that was added to the fixed asset schedule at the start of the same year. The amount showing on the 4562 is almost double.Any ideas?
I have added an asset in the same year in which it is partially disposed. The amount showing on the 4562 for "depreciable assets added in current year" is some combination of the initial asset cost and the remaining cost. How do I fix? The depreciation expense is reported correctly - just the cost is wrong.