Software purchased in 2017 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

According to the Tax Cuts and Jobs Act, software purchased in 2017 is eligible for Section 179 expensing up to $510,000 and bonus depreciation of 50%. This means that businesses can immediately deduct the full cost of the software purchase rather than depreciating it over time.

Software Purchased in 2017 Is Eligible for