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author's profile photo Former Member
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2008 Stimulus Act - 50% Bonus Depreciation

I have a question regarding the implementation of the bonus depreciation. I have created the new key and applied it to an asset (in the sandbox). Since 2008 is closed, how do I recognize the depreciation changes for that year? We have a handful of assets our Tax team want to change in order to claim this credit.

Note: I have read the Wiki article and followed the OSS notes to the letter to create the new keys and methods.

Thank you for any input.

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 09, 2009 at 09:06 PM

    Using OAAR you can open only your tax areas so that you can calculate depreciation for them in the proir year.

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