General ledger> Setup> Fixed assets> Depreciation books> Fixed asset groups> Bonus depreciation

Use this form to define bonus depreciation information. The information that you enter is displayed in the Depreciation book bonus depreciationform when an asset in the specified fixed asset group is associated with the specific depreciation book.

Bonus depreciation allows you to take extra–or bonus–depreciation amounts during the first year that the asset is placed in service and depreciated. A bonus depreciation record can be deleted from the Fixed asset group bonus depreciation form at any time, and only new assets that are added to the specific depreciation book will be affected.

Tasks that use this form

Set up asset group depreciation book bonus

Navigating the form

The following tables provide descriptions for the controls in this form.

Tabs

Tab	Description
Overview tab	View bonus depreciation information for the fixed asset group.
General tab	View or enter bonus depreciation information for the fixed asset group.

Fields

Field	Description
Fixed asset group	Displays the fixed asset group name.
Depreciation book	Displays the depreciation book name.
Bonus	Displays the bonus depreciation record name.
Description	Displays the description of the bonus depreciation record.
Percentage	Enter a percentage for the bonus depreciation.
Amount	Enter an amount in the functional currency for the bonus depreciation.
Priority	Enter a priority order number for the bonus depreciation. When there is more than one bonus depreciation to be taken for an asset, the priority will be considered.

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