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All Replies: Answers (1)
QuickBooks cannot calculate depreciation for you unless you're using QuickBooks Premier Accountant Edition (it includes Fixed Asset Manger). Usually, your tax professional gives you the depreciation expense and you can enter a JE to record it.
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Michelle L. Long, CPA, MBA
Author of the book "Successful QuickBooks Consulting"
http://www.LongforSuccess.com
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Author of the book "Successful QuickBooks Consulting"
http://www.LongforSuccess.com
Linkedin Group: http://bit.ly/9e3RB
Facebook Page: http://bit.ly/1q72VW
