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System is showing YTD bonus depreciation for past year asset

in Assets 1 comment

Summary:

Asset was added in the system in March'25 with back dated DPIS 22 Apr 2024. Then the asset was copied from CORP book to tax book. In one of the tax books, a 60% bonus rule was applied to the asset based on asset category defaults. Upon running calculate depreciation, system is showing YTD bonus depreciation. As the DPIS is past year, not current year, the system should only show bonus depreciation reserve not YTD bonus depreciation. Why the YTD bonus depreciation is not zero by default?

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