Sale of Multiple Depreciable Assets
🔍 Sale of Multiple Depreciable Assets
This guide explains how to enter a sale that includes multiple depreciable assets across your depreciation worksheets.
⚠️ Before You Begin
This explanation assumes that you have completed the depreciation information in Section 1a at the top of all depreciation worksheets.
📊 Step-by-Step Guide
Step 1: Start with the first depreciation worksheet in the sale
Use this when you need to begin entering sale details for a group of assets.
Go to the Sale of Depreciable Asset section of the first Depreciation Worksheet that includes items in this sale.
At the beginning of this section, you will see a paragraph of text. The first entry next to this paragraph is for the property number.
Enter a number in this entry. You will enter the same number on all assets that belong with this group. This number tells SureFire that the assets belong together in the same sale.
Step 2: Mark the checkbox only on the first worksheet
Use this to ensure SureFire only treats one worksheet as the primary entry for the sale details.
The second entry here is a checkbox.
Mark this box on the first worksheet. Do not mark the box on any other worksheets.
On this worksheet, complete the Sale of Depreciable Asset section, including the date sold, selling price, and selling expense.
Step 3: Enter only the required fields on all other worksheets
Use this when you need to include additional assets in the same sale without duplicating sale totals.
Go to all other worksheets for assets included in this sale.
In the Sale of Depreciable Asset section, enter the property number (the same as on the first worksheet) and the date sold.
Do not enter any other information in the Sale of Depreciable Asset section.
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