Can Bonus Depreciation rule applied monthly ?
Hi,
We have a scenario where we run the periodic mass copy report to add assets to our tax books (2 tax books) from the corporate once corporate is closed. Previously, the process of adding the bonus depreciation was performed in a yearly basis however as per Taxes department this should be done monthly.
Could anyone throw some light (or) share information on this - interested to know if we can apply a bonus depreciation rule on monthly basis ? (either from application or through API technically)
Thanks in advance!