until you start the food truck business no expenses including depreciation will be allowed. section 179 is limited to the net income before the 179 deduction so if you have a loss none will be allowed. most likely, when you can take bonus that will expense 100% of the truck cost.
there may be pre-opening costs which are subject to section 195. in the year the business starts you can write off
(i)the amount of start-up expenditures with respect to the active trade or business, if $50,000 or less
(ii)$5,000, reduced (but not below zero) by the amount by which such start-up expenditures exceed $50,000, and the remainder of such start-up expenditures shall be allowed as a deduction ratably over the 180-month period beginning with the month in which the active trade or business begins.
The term “start-up expenditure” means any amount—
(A)paid or incurred in connection with—
(i)investigating the creation or acquisition of an active trade or business, or
(ii)creating an active trade or business, or
(iii)any activity engaged in for profit and for the production of income before the day on which the active trade or business begins, in anticipation of such activity becoming an active trade or business,
All businesses are different, but typically start up business expenses include some of the following:
Insurance
Rent
Computer costs
Legal fees
Logo design
Training
Marketing
Advertising
Licenses and fees
Insurance
Accounting fees
Bank fees
Permits
Utilities
Payroll expenses
Office supplies
Vehicle expenses
Telephone
Association fees
Website design
