After we gained access to the Cloud program and began reviewing and printing some reports, we noticed that for last year, under President Trump’s OBBA initiative, assets acquired during FY25 should generally qualify for 100% bonus depreciation. Since our previous Sage version was outdated, it had originally calculated 60% bonus depreciation, and we had to manually adjust it to 100% for FY25 asset additions in excel file after we downloaded the report.
I checked the calculations in the current Sage setup, and it still appears to be depreciating those acquired assets at 60% instead of 100%. Do you know where I should raise this concern or whether there is a setting that needs to be updated?
