The first year depreciation deduction will be accelerated by 50 percent of the cost of capitalized tangible personal property (and certain leasehold improvements) acquired and placed in service during 2008. (Fictitiously call "bonus" depreciation-it does not actually increase total depreciation, it only accelerates the deduction). The bonus depreciation is computed on the net cost, after the section 179 depreciation deduction.
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"Economic Stimulus Act of 2008-What Does it Mean to You?"Please download to view full document