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E1: 12: AMT Luxury Auto Depreciation 50% Bonus Setup Sample (P0004A/P12853/P12851) (Doc ID 867976.1)

Last updated on DECEMBER 18, 2019

Applies to:

JD Edwards EnterpriseOne Fixed Assets - Version XE and later
Information in this document applies to any platform.

Purpose

Various Bonus Depreciation Acts enacted by Congress have established and / or extended bonus depreciation at the 50 percent rate for qualified property. The attachment provided herein will step a user thru the various setup requirements to process 50 percent bonus depreciation similar to Depreciation Method 17 in the Oracle JDE E1 system and Fixed Asset module. Please review and adjust for applicable depreciation rate limitations; those provided in formula multiplier/constant field(s) are for sample purposes only and may or may not apply.  For additional or specific information regarding the implications of these tax rules on your business, please consult your tax adviser or your tax guide.

Scope

Fixed Assets audience

Details

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In this Document
Purpose
Scope
Details
 Overview
 Remaining Life Mid-year Calculations
 Remaining Life Mid-quarter Calculations
 Inception to Date Calculations
References

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