Fixed Assets Qualifying for Bonus Depreciation

We still get the common question on a weekly basis about what the dates where that fixed asset qualified for bonus depreciation.  To sum it up… our chart is below. 

Bonus Depreciation Rates and Dates History

  • September 11, 2001 to May 5, 2003 — 30%
  • May 6, 2003 to December 31, 2004 — 50%
  • January 1, 2005 to December 31, 2007 — None
  • January 1, 2008 to December 31, 2009 — 50%
  • January 1, 2010 to December 31, 2010 — None — Still Pending Legislation

If you have specific questions or need to automate your depreciation… just holler!

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