pk
Level 15
Level 15

Business & farm

@nerobins , congratulations.

I would refer you to the following IRS doc. ---> Instructions for Form 4562 (2024) | Internal Revenue Service

specifically on Part II where it covers "Bonus" depreciation.  Note the life requirements under MACRS.

You may also like to read / be aware of --  Publication 946 (2024), How To Depreciate Property | Internal Revenue Service

 

This is straight from the horse's mouth.

 

IS there more I can do for you ?