100% Bonus Depreciation - Cost adjustments are not following 100% bonus depr
We have some assets that became fully depreciated in their first year because of the 100% depreciation method.
In the next fiscal year a cost adjustment was done to the asset to increase the cost.
The new period depreciation this asset is not following the 100% depreciation method. It looks like the system is reverting back to MACRS for the cost adjustment.
Can someone explain why the cost adjustment is not being depreciated using the 100% bonus depreciation method??
thanks,
Mariza