No, there is no Section 179 for a partial use building. You can depreciate each 40 and 30% over 39 years.
When it comes to single-purpose agricultural structures (SPAS), you would generally qualify for:
- a Section 179 deduction of up to $500,000 in 2010 and 2011;
- bonus depreciation on the remainder of the cost (for new construction in 2010); and
- the net remaining amount being depreciated over 10 years, not 20 years
SPAS are defined as single-purpose livestock structures or single-purpose horticultural structures.
