As of February 14, 2014 a new version of CMI Fixed Assets is now available on our website at this link. Version 4.1.116 includes the new 2013 Form 4562 as well as the following changes since the 4.1.111 release:
Updated the luxury auto and truck/van limits to be current for 2014.
Implemented User Override of Bonus/Special Depreciation Allowance. If the user override box is checked CMI Fixed Assets does not recalculate Bonus Depreciation or Special Depreciation Allowance for an asset.
Implemented Custom Reports for Month/Quarter Depreciation. You can now define a monthly or quarterly report using the Custom Report Builder. Print the report by selecting Month/Quarter Depreciation from the Report menu.
Added the ability to suppress Prior Years' Dispositons from the Dispositions report.
Corrected the IRC Section 179 Expense Limit calculation, so that only section 1245 and some section 1250 property can be considered to be section 179 property. (That is, only property with 4797 type of 45 or property with both 4797 type of 50 and asset type Q are considered to be section 179 property.)
We are in the process of sending an email with the current password and other relevant information to those CMI Fixed Assets users with a current annual maintenance agreement. It should arrive in your inbox shortly. If you'd prefer the password sooner give us a call at 1-800-678-3658. Or if you have any other questions or need any other assistance with the new udpate feel free to contact us at the 800 number as well.
