JMac2021
Level 2

Hey all.

I've run into a situation where Fixed Asset Manager is not depreciating an automobile. The vehicle was purchased in 2023, and bonus depreciation was used to the $20,200 limit. Now in 2024, no depreciation calculates for this year. Has anyone else experienced this situation? Perhaps I need to reach out to technical support. 

If I reduce the amount bonus depreciation taken in 2023, depreciation in 2024 will start calculating. It's as if Fixed Asset Manager believes the bonus depreciation taken was too much? My current fix has been exporting the asset to Proseries and then manually entering the type of asset to M1 Auto under 6,000 lbs will calculate depreciation. Unsure why this is required in the first place though. 

Thanks! 

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