How is the 50% Bonus Depreciation Calculated in a Failed Exchange?
Here is an example on a hypothetical $115,000 purchase of how the calculation works. Assume that the exchange failed (therefore the full acquisition cost gets to be used) and a GO Zone home was purchased and placed into service July 1st of the calendar year and that typical title and escrow fees were the only additional acquisition costs.
Related Questions
- I failed a pre-professional course, repeated it and got a better mark. How will my pre-professional GPA be calculated?
- Is the American Electronics Association correct in implying that bonus depreciation benefits small businesses?
- Exchange from a GO Zone property to a non-GO Zone property without the recapture of the bonus depreciation?