Bonus Depreciation 2024 Equipment. Bonus depreciation is a way to accelerate depreciation. Bonus depreciation is an accelerated business tax deduction used instead of allocating the cost evenly over the life of an asset in traditional depreciation.
Bonus depreciation allows a business to immediately write off 60 percent of the purchase price of qualified depreciable property, rather than taking the expense over. Bonus depreciation is an accelerated business tax deduction used instead of allocating the cost evenly over the life of an asset in traditional depreciation.
