Setting up MACRS 50% Bonus Depreciation Rules in Fixed Assets
On Sept. 27, President Obama signed the Small Business Jobs Act (H.R. 5297) into law, reinstating the 50 percent depreciation bonus for 2010 (retroactive to the beginning of the year) and increasing Sec. 179 expensing levels to $500,000 (and the phase-out threshold amount to $2 million) for 2010 and 2011. (see more at http://www.depreciationbonus.org)
If you’re using the JD Edwards Fixed Assets module, you may have already discovered that the software does not have a 50% MACRS Bonus Depreciation rule. Never fear! This article will demonstrate how to create this rule. And if a 60% Bonus Depreciation is passed into law in the near future, the same principles will apply to create that rule as well. If you’re interested in setting up 100% Bonus Depreciation, you can find that article here. Read more…
