Presented at BLUEPRINT 4D 2024
Session ID: P-043750
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.