what type of asset has been purchased?

Depending on the type of asset, 1/2 yr rule may apply which means – regardless of the month purchased – you can claim half the amortization rate year of purchase and when the item is sold, then half the amortization rate year of disposal […]

Resolution for 'calculate amortization issue: 'When do you calculate amortization? If I buy an asset in January 2017 and my fiscal year ends Dec 2017 do I amortize in 2017? What if bought in October 2017?' available: Yes.

The calculate amortization issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the calculate amortization issue yourself by looking for a resolution described in the article. If it is a complex calculate amortization issue or you are unable to solve the issue, you may contact us by clicking here or by using other calculate amortization support options.

For more information about resolving issues related to calculate amortization in Quickbooks/QBO or to get support for the issue 'When do you calculate amortization? If I buy an asset in January 2017 and my fiscal year ends Dec 2017 do I amortize in 2017? What if bought in October 2017?', click the link below: