how to configure fixed amount bonus depreciation rules along with a depreciation ceiling
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Organization Name (Required - If you are an Oracle Partner, please provide the organization you are logging the idea on behalf of):
Beall's
Description (Required):
how to 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.
Bonus Depreciation Limit - $8000
Year 1 (Including Bonus Depreciation) - $20300
Year 1 Dep Ceiling - $12300
Year 2 Dep Ceiling - $19800
Year 3 Dep Ceiling - $11900
Year 4 & Thereafter - $7160
Use Case and Business Need (Required):
To comply with IRS limits for Tax book
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