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In the simplified use of ProCash© depreciation schedules and tax credits are automatically created in accord with current tax law.
If the user wishes to override the ProCash© conventions, then the inputs DEP, TAXCR, and columns 7-10 of CM may be used.
DEP is a matrix of either 3 or 4 rows and any number of columns. The columns are various depreciation schedules.
Depreciation bases can be input as a single schedule or on a component basis either as a percentage factor or as a dollar amount. For existing projects, depreciation to date is acknowledged. Any rate of accelerated or straight line depreciation is allowed with the exception of the sum of the year's digits method. Depreciation schedules can start part way through a period, with appropriate adjustments to that and all following periods. The depreciation of capital improvements is assumed to be midperiod. Each accelerated schedule automatically switches to the straight line method at the optimum point. Provision is made for amortization of fees or organizational expenses.
Depreciation of capital improvements is specified with MV[23] as term in years and MV[24] as the rate (zero means ACRS). In the simplified use of ProCash©, capital improvements are depreciated on the same basis as the building structure with the additional assumption that the capital improvement is put in service in the 7th month (assuming an annual projection). If MV[23] and MV[24] are given the value zero, then no depreciation of capital improvements will be taken.
| input | description | help# | importance | frequency |
|---|---|---|---|---|
| AVI[150] | Term Over Which to Depreciate Capital Improvements | 730 | 3 | |
| AVI[151] | Depreciation Rate Capital Improvements (0 if ACRS) | 730 | 3 | |
| CM[;7] | Const. budget: Depreciation or amortization term | 730 | 2 | |
| CM[;8] | Const. budget: Depreciation or amortization rate | 730 | 2 | |
| DEP[1;] | Depreciation schedules: Amount (or Pct of Dep.Base) | 730 | 2 | |
| DEP[2;] | Depreciation schedules: Term (years) | 730 | 2 | |
| DEP[3;] | Depreciation schedules: Rate (e.g. 2,1.5,1)(0 If ACRS) | 730 | 2 | |
| DEP[4;] | Depreciation schedules: Depreciation Already Taken | 730 | 1 | |
| AVI[176] | Rate to Escalate Basis for CCRS Dep. (0=not CCRS) | 730 | ||
| AVI[194] | Experimental:depreciate & inc. for LIHTC land dev. & F&E | 730 |
| viewtype | case study | view | file size | complexity | help# | comment |
|---|---|---|---|---|---|---|
| Inputs | ABCO Joint Venture (office) | (depreciation) | 2834 | 6 | 730 | probably not needed, default assumption should suffice |
| Belle Glade 72 Units Deal A | (depreciation) | 4260 | 59 | 730 | ||
| 601 Liberty St. (office) | (depreciation) | 4184 | 66 | 730 | ||
| 601 Liberty St., Hotel Joint Venture | (depreciation) | 3716 | 71 | 730 | ||
| Brandon Villas of Tampa (market housing) | (depreciation) | 4204 | 82 | 730 | ||
| Shelter School Renovation (L&H) | (depreciation) | 4309 | 94 | 730 | ||
| Outputs | ABCO Joint Venture (office) | (depreciation schedules) | 5942 | 211 | 730 | |
| Tax Credits for Low Income Housing, 11th Edition | (depreciation schedules) | 5817 | 243 | 730 | ||
| St. Lucie Warehouse | (depreciation schedules) | 6696 | 288 | 730 | ||
| Spring Valley Hotel | (depreciation schedules) | 5599 | 299 | 730 | ||
| 601 Liberty St. (office) | (depreciation schedules) | 6274 | 338 | 730 | ||
| 601 Liberty St., Hotel Joint Venture | (depreciation schedules) | 6664 | 359 | 730 | ||
| Belle Glade 72 Units Deal A | (depreciation schedules) | 5936 | 364 | 730 | ||
| Mixed Use Development (Scenario 2-A) | (depreciation schedules) | 6358 | 377 | 730 | ||
| Tower Point Apartments (demo) | (depreciation schedules) | 6400 | 384 | 730 | ||
| Brandon Villas of Tampa (market housing) | (depreciation schedules) | 5497 | 402 | 730 | ||
| Executive Plaza (Pre-Const., office) | (depreciation schedules) | 6011 | 403 | 730 | ||
| Executive Plaza (Under Const., office) | (depreciation schedules) | 6016 | 403 | 730 | ||
| Turnkey Syndication : LIHTC | (depreciation schedules) | 7288 | 458 | 730 | ||
| Conv. 9% FAHP 3% 25 Years: 13 Areas (housing) | (depreciation schedules) | 7276 | 458 | 730 | ||
| Shopping Center Illustration | (depreciation schedules) | 7815 | 516 | 730 | ||
| Demo Mixed Use Facility | (depreciation schedules) | 6729 | 550 | 730 | ||
| Windsong Housing Associates : LIHTC | (depreciation schedules) | 7713 | 553 | 730 | ||
| Shelter School Renovation (L&H) | (depreciation schedules) | 7706 | 565 | 730 | ||
| Tower Point Apartments (detail) | (depreciation schedules) | 8361 | 590 | 730 | ||
| BHP II Limited Partnership : LIHTC | (depreciation schedules) | 10311 | 853 | 730 |
