2013 bonus depreciation

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  • gman
    Senior Member
    • Dec 2005
    • 676

    #1

    2013 bonus depreciation

    A farm building would use a 20 year recoverable period. I believe it qualifies for bonus depreciation in 2013, is that correct?

    thanks
  • appelman
    Senior Member
    • Jan 2010
    • 1195

    #2
    Should do.

    I can't see any reason why not.

    Originally posted by gman
    A farm building would use a 20 year recoverable period. I believe it qualifies for bonus depreciation in 2013, is that correct?

    thanks
    Evan Appelman, EA

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    • Black Bart
      Senior Member
      • Jun 2005
      • 3357

      #3
      Here's a pretty good take on it:



      BB

      Comment

      • Super Mom
        Senior Member
        • Jun 2007
        • 1151

        #4
        You may need to consider if they are capitalizing or expensing certain costs. If they are electing to expense certain farm costs instead of capitalizing under the Uniform Capitalization Rules, they may not qualify for bonus depreciation. You need to check that.

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