Which depreciation method currently permitted under U.S.tax law provides the fastest means of depreciating an asset?
A)MACRS depreciation
B)Bonus depreciation only
C)Straight-line depreciation
D)Sum-of-years digits depreciation
E)Partial bonus depreciation combined with MACRS

Question

Quizplus · Accepted Answer

Bonus depreciation allows for an immediate deduction of up to 100% of the cost of an asset in the year of acquisition, providing the fastest means of depreciating an asset. However, it is important to note that bonus depreciation is temporary and subject to change by Congress.

Which Depreciation Method Currently Permitted Under U