P3: assets' posted and scheduled depreciation, their bases, and the K-1 on the tax basis (defect 13, D-41)
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Book value is cost less what the books posted; the schedule's figure is apart. An asset's acquired date comes from its entry. Contributed property keeps its section 723 carryover basis apart from its depreciable basis (the lower of value and adjusted basis), with its 704(c) built-in gain and method. The K-1 worksheet reports tax-basis capital (Form 1065 Item L) beside the book figures, leaving open what only the CPA knows. Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com> Claude-Session: https://claude.ai/code/session_01T3gXMVt7XJPi6ens1or9Dj
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@@ -489,7 +489,7 @@ pub fn build(dir: &Path, today: NaiveDate) -> Result<(), StoreError> {
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)?;
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let asset = s.register_asset(NewAsset {
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description: "MacBook Pro 16\"".into(),
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purchase_date: laptop_date,
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in_service_date: laptop_date,
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cost: usd(laptop),
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salvage_value: usd(dec(400)),
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useful_life_months: 36,
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@@ -501,13 +501,7 @@ pub fn build(dir: &Path, today: NaiveDate) -> Result<(), StoreError> {
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s.set_asset_tag(asset, "JS-0001")?;
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s.set_asset_serial(asset, Some("C02FK3XJQ6L4"))?;
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// Bought by the company, so its federal tax basis is its cost.
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s.set_asset_tax_basis(
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asset,
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ledger_core::TaxBasis {
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rule: ledger_core::TaxBasisRule::Cost,
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contributor_basis: None,
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},
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)?;
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s.set_asset_basis(asset, ledger_core::AssetBasis::purchase())?;
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// Prepaid insurance, spread over a year.
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let ins_date = day(start + Months::new(2), 15);
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