You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

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

Received Response
61
Views
2
Comments
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):

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!