What is BONUS DEPRECIATION?

A US taxpayer can take 50% of an assets value during its year in service. The rest is a regular depreciation amount in the taxes. Any asset bought after December 31, 2007 but before January 1, 2011 are covered in this law. Some property has a longer perio

More On This Topic



Link to This Definition
Did you find this definition of BONUS DEPRECIATION helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary