Hi @Mike9241 , @AmeliesUncle
The vehicle is a car under 6000 lb, and costs over $50k. It was put into service for business on the first day of purchase. I am trying to claim section 179 with bonus depreciation, and it is giving me slightly less than $18k for the first year (90% business use). And I am seeing year 2-5 with 0 depreciation available in Assest life report and about $5k for year 6- year 12.
So this vehicle won't have a 5-year depreciation life? Would it be better not claiming section 179 (and/or bonus depreciation) to if I want to depreciate as quickly as possible? Depreciating $50k costs over 5 year would be about 10k per year. That would seem to be better than 18k first year then nothing for next 4 years, right?
Sorry, I can't make heads and tails of the publication 924.
