Presented at INFOCUS 2023
Session ID: 101320

Although the JD Edwards Fixed Assets system provides a wide range of standard depreciation methods, there might be a need for specific depreciation algorithms other than those provided with the standard depreciation methods.
For example, to help small businesses, owners can claim their first-year bonus depreciation in qualifying personal property used for business purposes. Using bonus depreciation, they can deduct a certain percentage of the cost of an asset in the first year it was purchased, and the remaining cost can be deducted over several years using regular depreciation.