Bonus Depreciation Tax Book

 11.5.10.02

Hi all,

My tax laws in my country allow a 20% donus depreciation in the first year on some on our  asset categories in our Tax Book. However, with my current setups  if an asset is place in service in the middle of the financial year, the system  calculate the 20% on the assets and then porate 6 months depreciation for the remainding year. That means the system is not deducting the full 20% for the year.

What setup do I need to do for the system to deduct the full 20% on the asset once it falls in the fiscal year. That is if the asset falls in service the last month of the fiscal year the full 20% is deducted.