A client placed three new business assets into service in 2019.The client has high taxable income and would like to maximize the deduction by using bonus depreciation.All of the following assets will qualify for bonus depreciation except
A)manufacturing equipment.
B)computer software.
C)a garage for the service vans.
D)All of the assets qualify for bonus depreciation.

Question

Quizplus · Accepted Answer

While manufacturing equipment and computer software are both eligible for bonus depreciation, a garage for service vans is considered a real property improvement and is only eligible for 15-year depreciation. Therefore, choice C is the correct answer.

A Client Placed Three New Business Assets into Service in 2019.The