179 Deduction Field
Use this book information field in Asset Detail to enter either a Section 179 amount or a pre-1981 bonus amount (if one of these options applies). You decide which of these two options applies based on the asset's service date and several other factors. Select the links below to see which applies. If neither applies, accept the default of zero. If a previous entry disqualifies the application of either of these options, this field is disabled.
The 179 Deduction field displays the total Section 179 and Bonus depreciation amount calculated in the §179/Bonus Details window. To access this window, do one of the following:
- Select in the 179 Deduction field, and then select the down-arrow to the right of the field.
- Enter an amount in the 179 Deduction field, and then press Enter.