EAM:Gulf Opportunity Zone Error: In Service and Acquisition Dates must be between 2005-08-28 and 2007-12-31 to be able to use this Bonus Percent. (8010,269)

(Doc ID 1080549.1)

Last updated on APRIL 15, 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.

Symptoms

The Gulf Opportunity Zone bonus has been extended for 2010. When an attempt is made to add an asset with an in service date in 2010 and the Gulf Opportunity Zone is selected with 50% and the asset is saved, the following error occurs.

ERROR
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In Service and Acquisition Dates must be between 2005-08-28 and 2007-12-31 to be able to use this Bonus Percent. (8010,269)



STEPS
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The issue can be reproduced at will with the following steps:
1. Add an asset through Express ADD. Select transactio date and accounting date of 1/2010. Select Depreciation Bonus of Gulf Opportunity Zone and 50%.
2. Save asset

BUSINESS IMPACT
-----------------------
Cannot take extended depreciation bonus for assets that are being added in 2010.

Cause

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