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Fusion Assets - MACRS Depreciation method doesnt match to IRS provided guidelines

in Assets 3 comments

We are implementing Oracle Fusion Assets and for the Bonus Tax Book we would need MACRS depreciation method which is table based, we did downloaded the depreciation methods from oracle using the note - New 40% Bonus Depreciation Methods - (AMT 40B HY, AMT 40B MQ, AMT200HY-40B, MACRS 40B HY, MACRS 40B MQ, MACRS STL40B, STL 40B, STL 40B HY, STL 40B MQ) (Doc ID 2334665.1) and they all are available in the system.

However my specific question is why these downloaded and applied MACRS rates do not match to the IRS guidelines, or how can we create our own depreciation books/tables for MACRS

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