EAM: Converting Assets With Section 179 Using Remaining Value Depreciation Calculation

(Doc ID 1059198.1)

Last updated on APRIL 27, 2016

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 8.8 SP1 to 9.1 [Release 8.8 to 9]
Information in this document applies to any platform.
Checked for relevance on 24-Jan-2014


Goal


Q1. Is converting Section 179 amounts similar to the conversion of Bonus depreciation?

Q2. Am I suppose to include the 179 amount in the accumulated depreciation?  Or, do I simply convert the amount to the Section 179 Amount field and check its corresponding box?


Solution

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