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rspainhour6183-g
January 17, 2024
Question

Can you add a fixed asset with a useful life of 27.5 years?

  • January 17, 2024
  • 1 reply
  • 0 views
We have rental properties to depreciate.  IRS regulations state to depreciate over a useful life of 27.5 years, but I get an error message when I try to set up in Fixed assets and Quickbooks doesn't recognize the decimal point.

1 reply

Tori B
Tori B
January 17, 2024

Hi there, @rspainhour6183-g.

 

Thanks for taking the time to reach out to the QuickBooks Community. I hope you're having a great day so far. 

 

At this time, only full years are supported for depreciation calculation. I understand that having the option to include half of a year (months) would be beneficial for you and your business. With that said, I think this would be the perfect opportunity to submit a feedback request to our Product Development Team. Our Developers review each request and consider them all for future updates. 

 

I'm including the steps to submit your suggestion below: 

 

  1. Select the Gear Icon, then Feedback.
  2. Enter your comments or product suggestions. Then click on Next to submit feedback.
     

Your valuable feedback goes to our Product Development team to help improve your experience in QuickBooks Online. You can track feature requests through the QuickBooks Online Feature Requests website.

 

For additional information about fixed assets in QuickBooks Online, check out Add and manage fixed assets in QuickBooks Online. 

 

Please don't hesitate to let me know if there is anything else I can assist you with. Take care and have a wonderful day ahead! 

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