A new configuration key, the Fixed Assets Depreciation Books configuration key, provides access to the following functionality.

• You can use depreciation books to manage groups of assets with similar depreciation characteristics. Depreciation books do not affect General ledger, and the depreciation book information is used only for tax or other non-financial purposes. You also can create derived depreciation books that work as derived value models do.
  
• You can use the new depreciation method - bonus depreciation - to depreciate extra amounts for the first year that an asset is placed in service and depreciated. For example, you could use bonus depreciation for Section 179 property in the United States.
  
• If you're using depreciation books, you can change the depreciation convention for a group of assets.
  

The following functionality is available when the Fixed Assets configuration key is activated.

• The Straight line depreciation convention was changed to Straight line service life, and the following depreciation conventions were added.
  
  • Reducing balance
    
  • 150% reducing balance
    
  • 175% reducing balance
    
  • 200% reducing balance
    
  • Straight line life remaining
    
• You can set up fixed asset calendars for depreciation books, rather than using general ledger periods.