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How to depreciate an asset after taking 80% bonus depreciation?
I notice the bonus depreciation drops to 80% for 2023. So if we take 80% bonus depreciation this year, what happens to the remaining 20%? Is it going to be depreciated over the life of an asset, or we can take the whole 20% off next year (2024)?
‎January 25, 2023
11:54 AM