Set up bonus depreciation

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This procedure shows how to create a special depreciation allowance and associate it with a fixed asset book. It uses the accountant role and demo data for the USMF legal entity.

Create a special depreciation allowance

1. Go to Fixed assets > Setup > Special depreciation allowance.
2. Click New.
3. In the Special depreciation allowance field, type a value.
4. In the Description field, type a value.
5. In the Percentage field, enter a number.
   • If a percentage was not indicated, set an amount.

Associate a special depreciation allowance with a fixed asset group book

1. Go to Fixed assets > Setup > Fixed asset groups.
2. In the list, select the fixed asset group associated with the special depreciation allowance.
3. Click Books.
4. In the list, select the book that is associated with the special depreciation allowance.
5. Click Special depreciation allowance.
6. Click New.
7. In the Special depreciation allowance field, enter or select a value.
   • The default for Percentage or Amount comes from the special depreciation allowance setup.
8. In the Priority field, enter a number.