Depreciation is currently computed under the Modified Accelerated Cost Recovery System (MACRS).
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Q6: If tangible personal property is depreciated using
Q7: The basis for a personal-use asset converted
Q8: Property expensed under the §179 immediate expensing
Q9: Bonus depreciation is used as a stimulus
Q10: Taxpayers use the half-year convention for all
Q12: The 200 percent or double declining balance
Q13: All taxpayers may use the §179 immediate
Q14: If a business mistakenly claims too little
Q15: If a taxpayer places only one asset
Q16: Real property is depreciated using the straight-line
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