Has anyone updated Acquisition date to future date on assets with depreciation bonus?
We have an asset that was added in 08/02/2024 with the 60% depreciation bonus applied as expected.
However, the In-Service date needs to be updated to 04/01/2025 with the depreciation bonus updated to 40% as well.
I have discovered you can do this by updating the Acquisition Date and Placement date on the Basic Add page. And the In-Service date, Depreciation Bonus and Bonus Percent on the Define Tax/Depr Criteria page and running Depreciation Calculation.
But I'm concerned about what the implications are for having the Acquisition Date later than the Transaction date since the asset is In-Service.
Is the method for updating the asset correct?