Summary Information Pane

This feature is available in Enhanced Asset Management.

The Summary Information pane allows you to see a summary by group (based on what is selected in the Group by: filter on the Navigation pane), 179 limit information, and MQ summary.

When you click on an asset assigned to a certain business activity, the fist tab gives you the following information:

• The number of assets assigned to that activity.
• The cost or basis for the activity.
• The total depreciation for the activity.
• Section 179 deductions elected for that activity.

The 179 (All) tab reports on all of the section 179 for all business activities and reports any excess taken.

The MQ tab calculates the basis of assets placed in service each quarter for mid-quarter convention determination.

Fixed Assets - Summary Information Pane