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Under the
Small Business Jobs Act, taxpayers are allowed an additional 50% bonus depreciation allowance
for the first year on certain qualified property for tax year 2010. This special "bonus" depreciation applies
to most types of tangible property and computer software acquired and
placed in service in 2010. This "bonus" depreciation is in addition to the
regular depreciation allowance.
Under the
2010 Tax Relief Act, taxpayers are
allowed a 100% bonus depreciation allowance for the first year for
qualified property placed in service AFTER September 8, 2010 and BEFORE
January 1, 2012.
Click here
for information on the increased IRC Section 179 Expensing Limitations
for year 2010.
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