So I have read the note How to Implement the 100% Bonus Depreciation US Tax Law Signed Dec 17 2010 [ID 1278314.1]
It seems the patch creates a bunch of new depreciation methods. Now, the question is, after the patch is applied, what steps have to be taken in order to apply 100% depreciation on assets placed in service in 2011? For example, we have an asset 12345 in our book with Method = AMT HY, date placed in service 01-JUN-2011. What steps are required to apply the 100% depreciation on this asset?
Where is this documented? Any pointers would be appreciated.
Thanks,
Manish
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