Need to default bonus rule based on Asset's in-service date
Summary:
We have section 179 requirement where bonus depreciation varies as per year when asset is placed in service e.g. Asset having in-service date of 2024 to have bonus depreciation @60% while Assets having in-service date of 2025 to have bonus depreciation @40%.
How do we meet this requirement?
Content (please ensure you mask any confidential information):
Version (include the version you are using, if applicable):
Code Snippet (add any code snippets that support your topic, if applicable):
0