Welcome to the Sage Fixed Assets Support Group on Community Hub! Available 24/7, the Forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
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?…
