What's New: Fixed Assets (2026 release wave 1)

Overview

The video covers the new bonus depreciation method in Fixed Assets. It lets a business deduct a set percentage of an asset’s cost in the first year of service, with the remainder following regular depreciation rules. The method is in the global base app. Its name differs by country, for example investment bonus depreciation in Australia and New Zealand and 168K depreciation in the United States.

The demo walks through the Fixed Asset Setup page, asset eligibility, running depreciation calculation with and without bonus, and the resulting ledger entries and reporting. It also shows new reporting fields on FA Depreciation Books.

Key points

• Bonus depreciation is a new depreciation method in the global (W1) base app, aimed at compliance, more accurate tax planning and fewer custom extensions. Local names include additional first year depreciation, investment bonus depreciation and 168K depreciation.
• It works with all the other depreciation methods. The first depreciation after acquisition is the bonus depreciation, then the normal method continues.
• Fixed Asset Setup has two new fields: a bonus depreciation percentage and an effective date. Assets placed in service after that date are eligible.
• The setup percentage is the maximum defined by law, typically communicated to the accountant by the government. A lower percentage can be given.
• Eligibility is driven by the asset’s depreciation starting date. The bonus depreciation toggle is set to true when that date is later than the setup effective date, and it can be turned on or off per fixed asset depreciation book.
• The fixed asset card shows new fields: acquisition cost, bonus depreciation applied and the toggle.
• In the demo, Calculate Depreciation with bonus on created an extra journal line for 20% of the 8,000 acquisition cost, and the first regular depreciation came out lower. Posting creates separate ledger entries for the bonus and the normal depreciation.

Features

Every feature below: status not stated, demoed.

AL objects mentioned

As heard in the captions. A name that matches one object page by exact type and name links to it; the others stay as named.

• page 5607 “Fixed Asset Setup” at 4:00
• page 5600 “Fixed Asset Card” at 5:07
• report 5692 “Calculate Depreciation” at 6:01
• page 5619 “FA Depreciation Books” at 8:33

Quotes

• 0:30 “idea with these new functionalities what you will see in a minute is to improve compliance for global customers, to make more accurate tax”
• 1:01 “now in a W1 in a base app global base app you will find new depreciation model as a bonus depreciation method”
• 1:28 “Bonus depreciation is accelerated depreciation method that allows businesses to deduct specific percentage of asset cost in the first year in a place in”
• 2:28 “it is set up on the fixed asset setup page. There are two fields, one for the percentage and one for the eligibility date”
• 3:10 “you can opt in to use it or not on each fixed asset depreciation book. It is entirely driven by the by the depreciation”
• 4:22 “These are typically communicated to the accountant by the government. They are defined in the law. And this is the maximum percentage you can”
• 7:15 “you get an extra journal line and that is the bonus depreciation. That is 20% of the 8,000 which was acquisition cost”

Presenters (as heard): Alexander Totovic, George.