Software purchased in 2018 is eligible for
A) MACRS depreciation only
B) straight-line amortization only
C) Section 179 expensing and bonus depreciation
D) Section 179 expensing but not bonus depreciation

Question

Quizplus · Accepted Answer

Section 179 expensing and bonus depreciation are available for software purchases in 2018. MACRS and straight-line amortization methods are used for assets with a useful life of more than one year, while Section 179 and bonus depreciation are used for expensing assets in their first year of use. Thus, choice C is the best one.

Software Purchased in 2018 Is Eligible for