Adjusting vintage/group accountsYou adjust vintage/group accounts to make changes to the parameters you set for a vintage/group account. When you adjust a vintage/group account, LN first makes the specified changes to the account. Then LN makes the same changes to the ADR book of all assets that the account contains. For example, if you change the life on a vintage account from 11.0 years to 11.5 years, LN first changes the account's life to 11.5, and then changes the life in the ADR book of each asset in the account. You enter a date for each adjustment to determine when the change occurs, and a reason code that explains why you made the adjustment. Based on the values you adjust, LN can have to restate depreciation for the assets in the vintage/group account in their ADR books. The following restrictions apply to adjusting an asset that is part of a vintage/group account:
Note The United States' IRS publishes restrictions governing the removal of assets from an ADR Vintage or MACRS Group account election. For more information, consult United States IRS tax regulations and other authoritative publications before executing a transaction that removes an asset from an ADR Vintage or MACRS Group account.
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