Is Bonus Depreciation Allowed In 2024

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Is Bonus Depreciation Allowed In 2024. Section 179 and bonus depreciation deductions can be applied to listed property but with special considerations. However, starting in 2024, the rate will drop to 60%.


Is Bonus Depreciation Allowed In 2024

(unaudited) three months ended june 30, six months ended june 30, (in thousands of us dollars) 2024 2023 2024 2023 net income (loss) $423 ($2,012) ($561). In 2023, the bonus depreciation rate was reduced to 80%.

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