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Take Advantage of 100% Bonus Depreciation new Tax Law for 2010

edited Mar 30, 2011 10:15AM in Fixed Assets - EBS (MOSC) 4 commentsAnswered
Hello All,

I need suggestions on how I can take advantage of the new 100% Bonus Depreciation tax law of 2010 in my TAX Books if the Dec-2010 period has already been closed.  Jan-2011 and Feb-2011 have also been closed.  Oracle support has instructed me that there is no way to rollback all three of these periods.  So, I'm trying to determine what my options are.  Both my Corporate Book and all Tax Books are using monthly calendars.  The periodic mass copy functionality is being run each period to copy each current period transactions to the same period in the tax books.  Previously, I had been told that it is

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