Last updated on JULY 25, 2017
Applies to:Oracle Assets - Version 12.2.2 and later
Information in this document applies to any platform.
How to obtain the 30%, 50% and 100% Bonus Depreciation methods for Release 12.2.3/12.2.4 of Oracle Assets?
(1) 30% and 50% Bonus:
Jobs and Growth Tax Relief Reconciliation Act of 2003 resulted in new depreciation methods provided by Oracle. These same methods apply to the 2014 extension for Bonus Depreciation via the Tax Increase Prevention Act of 2014.
Tax Increase Prevention Act of 2014 will extend the 50% first-year bonus depreciation allowance for one year for qualifying property placed in service in the tax year through 2014.
Note: Bonus depreciation has been in play every year since September 11, 2001 with the exception of a three-year hiatus for the tax periods from 2005 through 2007. Unless regulatory changes, future extension will fall under the details of this document to.
(2) 100% Bonus: see Note 1278314.1
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