BiG Consulting Corporation

As part of the Tax Relief Act of 2010, businesses can use bonus depreciation to immediately write off a percentage of the cost of depreciable property.  The new law makes 100 percent bonus depreciation available for qualified investments made after September 8, 2010 and before January 1, 2012. It also continues bonus depreciation at 50 percent, on property placed in service after December 31, 2011 and before January 1, 2013.

If you’re using the JD Edwards Fixed Assets module, you will likely not be able to find existing formulas for the 100% MACRS  Bonus Depreciation rules.  This article will show how create these rules.   If you’re interested in setting up 50% Bonus Depreciation, you can find that article here. Read more…

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…