how to configure fixed amount bonus depreciation rules along with a depreciation ceiling.
in Assets
Summary:
How can we configure fixed-amount bonus depreciation rules along with a depreciation ceiling for Special Luxury Auto depreciation limits.
We need to implement this requirement to comply with IRS limits. Kindly provide the appropriate configuration steps or approach.
Details:
- Bonus Depreciation Limit: $8,000
- Year 1 (Including Bonus Depreciation): $20,300
- Year 1 Depreciation Ceiling: $12,300
- Year 2 Depreciation Ceiling: $19,800
- Year 3 Depreciation Ceiling: $11,900
- Year 4 and Thereafter: $7,160
Content (please ensure you mask any confidential information):
NA
Version (include the version you are using, if applicable):
Oracle fusion fixed assets.
Code Snippet (add any code snippets that support your topic, if applicable):
0