USA Depreciation on Truck


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Apr 21, 2019
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I have no experience with depreciation and someone asked me this. He bought a truck on 12/15/2020 and it's used 100% in his business. If I'm reading the regs right, he would depreciate using MACRS and a mid-quarter convention. But it also looks like he could take bonus depreciation up to the entire amount of the truck cost ($52,000) in 2020 because it's a heavy truck? Thanks.
 
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