the 30% or 50% additional depreciation allowance and regular depreciation. THE ULTIMATE GOAL is to maximize the total auto deduction and minimize the use of the section 179 expense allowance so that ...

property qualifying for the special depreciation allowance automatically gets a 30 percent, first-year depreciation deduction (bonus depreciation), plus regular depreciation on the adjusted basis, i.e ...

Observation: Regular depreciation for the placed-in-service year and all subsequent recovery years is computed on adjusted basis net of the bonus depreciation allowance. This means that the actual ...

the depreciation expense account and the allowance for a depreciation account. The allowance for depreciation account, or accumulated depreciation account, serves two purposes. First, its balance ...

Moreover, the bonus depreciation allowances apply on top of regular depreciation allowances. In addition, a small business that purchases a new asset can combine the increased Section 179 expense ...

Small-business owners who lease a vehicle must use the standard mileage allowance. Other IRS restrictions include not operating a fleet of five or more cars, not claiming a depreciation deduction ...

2017-33 to provide additional guidance for taxpayers regarding amendments made to expensing allowance in Section 179 and Section 168(k) bonus depreciation ... is allowed for regular tax and ...