Modeling Bonus Depreciation
President Bush signed into law the Economic Stimulus Act of 2008 on Wednesday, February 13, 2008.
To model bonus depreciation in SuperTRUMP:
- For versions 8.90 and later, from the Controls menu, select Tax Calculations. Then uncheck the checkbox with the prompt "Disallow bonus depreciation after 2004." This is very important. Bonus depreciation will not be applied if this item is checked. (This checkbox is not in the 8.50 version.)
- For each asset screen where you want to apply bonus depreciation, in the depreciation section (or tab) enter the bonus percent at the "Additional 1st yr %" prompt.
- Verify that SuperTRUMP is calculating the depreciation as desired by printing a federal (or state) depreciation or federal (or state) tax report. These reports are in the tax report group.
