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As per US tax requirement for STL method how to claim bonus depreciation for the FY 2023,2024,2025

in Assets 2 comments

Summary:

As per US tax requirement for the assets placed in service date from 1-1-2023, how to claim Bonus deprecation for the assets which has life of 3 years under Straight line method?

Content (required):

we already configured the package of MACRS 80 HY and 60 HY.

There some more asset categories with STL method with the life of 3 years following monthly convention.

What is the configuration package to be applied as per tax requirement to calculate Bonus Depreciation.

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

release 23B

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

Tagged:

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