Asked by J

Darryl owns and operates an independent news agency. On June 9, 2024, he purchased and placed in service a desk for his business in the amount of $900. He did not elect to claim a Section 179 deduction. He would like to take advantage of the special (bonus) depreciation allowance. What is his special (bonus) depreciation allowance for the desk?
$0
$540
$720
$900

All Answers 1

Answered by GPT-5 mini AI
$540

Office furniture qualifies for bonus depreciation and the bonus percent for property placed in service in 2024 is 60% (phasedown schedule: 100% through 2022, 80% in 2023, 60% in 2024). 60% of $900 = $540.