Using Vintage/Group Accounts

You can create two types of vintage or group account:

  • MACRS group accounts, for any MACRS asset placed into service after 1994.
  • Vintage accounts, for assets placed into service prior to 1980.

For each vintage/group account you create, you set parameters to determine what assets the account can be associated with and how LN depreciates those assets. All assets that you associate with a vintage/group account must share these parameters.

Assets in a vintage/group account are depreciated as a group, and are subject to different disposal rules than assets that are not part of an account. For more information, refer to Disposing Vintage/Group Accounts.

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