Which of the following assets is eligible for bonus depreciation?
A) Used office machinery
B) Qualified leasehold improvements
C) A new delivery truck
D) Used office furniture
E) All of the choices are correct.

Question

Quizplus · Accepted Answer

Only new assets are eligible for bonus depreciation, so used office machinery and furniture are not eligible. Qualified leasehold improvements were eligible under previous tax laws but are no longer eligible for bonus depreciation. However, a new delivery truck would be eligible for bonus depreciation.

Which of the Following Assets Is Eligible for Bonus Depreciation