Which of the following assets is not eligible for bonus depreciation?
A)Used office machinery
B)Qualified improvement property
C)A new delivery truck
D)Used office furniture
E)None of the choices are correct.

Question

Quizplus · Accepted Answer

All the listed assets (used office machinery, qualified improvement property, and a new delivery truck) are eligible for bonus depreciation under certain conditions, making none of the choices correct. Bonus depreciation rules have evolved, allowing for used property to qualify if it meets specific criteria, alongside new property and improvements to nonresidential real property.

Which of the Following Assets Is Not Eligible for Bonus