CMI Fixed Assets v.4.1.88 is now available!
Posted by Kevin Peck on Wed, Sep 08, 2010 @ 01:58 PM
The latest release of CMI Fixed Assets is now available for download and installation. If you have a current maintenance contract with CMI Software, you should have already received your notification of this update. If you would like information on how to download this new version, contact us at 800-678-3658 for instructions.
These features have been added since the version 4.1.84 release:
Asset Logging - A new feature, in which user actions--especially those that change assets--are saved to a text file. You can then track the changes made to a company and its assets. Three levels of logging are provided (None, Partial and Detailed) and can be selected from the Edit Company screen. Partial logging is selected by default. You can see the log file by selecting View Log from the Tools menu. Changes will probably be made to the asset logging feature as we observe its usefulness to our users.
Corrected placement of straight line MACRS depreciation on IRS Form 4562. In prior versions of the fixed assets program, assets that would normally appear in the GDS section (lines 19 a through f) would appear in the ADS section (line 20a) if there was a value in the straight line life field. Now, such assets appear in the ADS section only if the straight line life is different from the useful life. If the straight line life is equal to the class life (which should be entered as useful life), a MACRS asset is still being depreciated under GDS.
Luxury Auto limits have been updated for 2010.
IRC 179 Expense limit and threshold (cutoff) have been updated for 2010.