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Bonus depreciation for a generator
We have a very small sole proprietor business. My husband rents space for his shop. he purchased a new portable 3000watt inverter generator (cost 2199.00 in 2021) so he can go outside when needed and work because the chemicals are too strong to be inside or maybe the space inside is too small for him to work. So he uses this generator to aid him in his work outside. Will I be able to take 100% bonus depreciation for a generator? And what class life would I record it under, seven years? 15 years?
March 19, 2022
10:38 AM