How do you add bonus depreciation to a fixed asset?

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Some assets are eligible for bonus depreciation throughout their life.  The bonus percentage allowed, as well as the bonus amount, can be defined on the asset itself and then calculated through asset depreciation.

To do this:

1. When creating the asset, populate the Bonus ID field in the book code grid for the eligible book.

2. Populate the bonus depreciation rate.

3. Execute the depreciation process in the Asset Deprecation screen.