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Expensing an Asset in the same year as DPIS under Section 179 of IRC

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Summary:

As part of Section 179 of IRC we can write off the asset in the same year it was placed in service to the extent of 1080000 $.


Content (required): We are looking for best practices to achieve this in Oracle Fusion Assets ? We want to expense the asset in the same year of Date Placed in Service.


Version (include the version you are using, if applicable):


Code Snippet (add any code snippets that support your topic, if applicable):

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