Yes, you can (assuming the assets qualify for Section 179). I asked you that because MY answer depended on YOUR answer to how the business was taxed .
However, do you WANT to do that? In most cases it is NOT the best long-term thing to do from a tax viewpoint. Yes, taking the full deduction this year will save you more income tax this year. But if you use 'regular' depreciation, that would push much of the deduction to future years. If you do that, it will save both income tax AND self employment tax in those future years (assuming the business is profitable), resulting in more overall tax savings. Actually, I generally recommend doing the opposite of what you are asking about; you should take the SMALLEST amount of depreciation that you can by using Straight-Line depreciation (but that would require some manual entries in TurboTax).
