Bonus depreciation not calculated correctly
Hello Colleagues
We have requirement to calculate a one-time bonus depreciation in addition to regular depreciations. As per the attached bonus configuration, our prorate convention is half-year, specifically July 1st. The asset service date is set for January 1, 2025, with an asset cost of $228,837.57 and an expected bonus depreciation of $91,535.028.
However, the system has not calculated any bonus depreciation. Instead, it shows a YTD depreciation of $81,583.19, which doesn't make sense to me. Could you please review the attached details and share your thoughts on this discrepancy?
Abdullahi