Sage Fixed Assets

In 2023, 80% of asset purchases can have their depreciation booked immediately (so instead of spreading it over the useful life…the cost of the asset is booked to A/D immediately). How do we accomplish going back and taking the bonus depreciation in Sage…

According to the tax regulation, bonus depreciation now ramps down to 80%, starting in 2023. However, in the software, the input dropdown option is either 50%, or 100%. How to make the software calculate an 80% bonus depreciation on the fixed assets?…

I'm working on a custom import and I am having trouble with the beginning accumulated for assets with 100% Bonus depreciation. The field will not accept "0" but it also won't let me leave it blank or enter a value higher than "0" because it will then…

I know the final update reflecting 2015 tax law will not be released until version 2016.1 in early February 2016. However, Bill and Lovisa have advised on this forum that updating depreciation methods in the TAX and AMT books to MA200 or MA150 will reflect…

We upgraded to version 2016.1 today. At the end of 2015, we were told this upgrade would reflect the tax law passed in December 2015 that resurrected bonus depreciation. Unfortunately, the software is still not calculating bonus depreciation on a luxury…

Bonus Depreciation on luxury autos. I have posted on this site regarding this issue before yet after 3 years, I still cannot get a straight answer. For a luxury auto placed in service in years with 50% bonus depreciation, the allowable section 168 bonus…

I have 3 questions related to this topic. Our company's tax advisor says that for luxury automobiles that have 100% Bonus (e.g. $18,000 for a car purchased in '18), they should have no more tax depreciation on them till year 7. The way Sage software…

Hello, I am trying to import assets from a newly acquired company. I received an excel file that contains all the critical fields. It also contains a field for assets that have taken 179 bonus depreciation at 100% and some assets with 50% bonus. These…