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Sale of Multiple Depreciable Assets


This explanation assumes that you have completed the depreciation information in Section 1a at the top of all depreciation worksheets.
 
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 to this group. This number tells Sure-Fire that the assets belong together in the same sale.

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.

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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