Due to tax reform we need to change the tax depreciation for assets placed in service from October 1, 2017 forward to take 100% tax depreciation as soon it is placed in service. This would be for tax, AMT and ACE books in Fixed Assets. This is for all assets other than real property (which would include land, building and building improvements). This will be the depreciation process until 2022.
How do we set up a depreciation key for this?
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