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Defining new Depreciation Bonus and applying to an Asset

In this post we will look into how to setup new depreciation bonus in Asset Management in PeopleSoft and applying it to an asset. First let us setup new depreciation bonus percentage.

Defining Depreciation Bonus:

Navigation: Setup Financials/Supply Chain -> Product Related -> Asset Management -> Depreciation -> Depreciation Bonus



Enter bonus id, short and load description.
Deprecation bonus can be in percentage/range. If you want to bonus value in the range, select the check box "Use bonus percentage range" else uncheck this option and enter the value.

Acquisition and in-service dates: This will decide whether defined bonus can be applied to an asset or not. Asset inservice/acquisition date should be within the date range defined here, then only system allows to apply this bonus to an asset.

Once deprecation bonus is defined, you can open the asset book and goto Tax tab where you can select the bouns and enter the bonus percentage which you want to apply and save it.

After this, run the depreciation calculation process for this asset, system will calculate the bonus and adjust the depreciation accordingly.

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