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Tax changes for bonus depreciation in 2014

edited Feb 17, 2014 12:00PM in Fixed Assets - EBS (MOSC) 3 commentsAnswered

According to the news, the American Recovery and Reinvestment Act expired as of December 31, 2013.  Therefore all new asset additions placed in service as of January 1, 2014 are no longer eligible for bonus depreciation on the federal tax books.  What updates is Oracle providing to make the changes to the default depreciation method?  Are administrators expected to make all of these changes manually?

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