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EAM9.2:Latest Rules on Vehicle Bonus Depreciation. (Doc ID 2758809.1)

Last updated on MARCH 10, 2021

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Goal

Question 1:

What is the latest rules on Vehicle Bonus Depreciation.  It appears that the latest documentation available was below :
EAM: Depreciation for the 2010 Tax Relief Bonus at 100%, Depreciation Limit Code, and profile of AUTO appears to be incorrect / MISSING YEARS OF DEPRECIATION FOR THE BOOK
USING BONUS AND LIMITS (<Document 1326052.1>)
Is this the latest document available relating to this information?

Question 2:

How bonus depreciation is calculated when limit is 100% and setups?
Any fix/enhancement provided on bonus deprecation after Bug 11836530, where the information came regarding IRS Rev. Proc. 11-26 released on March 29, 2011?
 

Solution

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Goal
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