Luxury Car Depreciation

[Former Member]

Hello !!!

As per US IRS there is limit on maximum depreciation on luxury cars for each year

How to handle this requirement. What are the steps to configure asset depreciation key. I followed oss note : 675180, but still the same results, system is not limiting the depreciation value as per the note. In our case asset also has special bonus depreciation and Depreciation method is Declining balance, Half year convention

If any one has worked on this, please let me know the steps required to accomplish this

Thanks & Regards

Shani .M

[troy_lee]

Test

[NathanGenez]

thread locked. If you have specific questions, ask them. Don't post questions looking for a step by step guide on how to do something.

-nathan

[Former Member]

Hi,

Please try with maximum value method.

Define a maximum value method and assign the same to your dep key used in your luxury car asset.

Please check.

Thanks,

Srinu