The National Directory of Certified Public Accountants

Ask A CPA - Tax Law Highlights - 2012

Bonus Depreciation

Bonus Depreciation In order to stimulate the economy Congress has enacted special bonus depreciation in the year of acquisition for certain purchases of new tangible personal property. For qualified property acquired and placed in service in 2016, a 50% bonus first-year depreciation allowance applies under Code Sec. 168(k).

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