2024 Bonus Depreciation Percentage Table. Reduce the basis by the. Section 179 allows businesses to fully deduct the cost of qualified capital asset purchases like equipment,.

The irs issued the 2024 depreciation limitations for passenger automobiles, including those for which bonus depreciation is applied. How bonus depreciation works using bonus depreciation, you can deduct a certain percentage of the cost of an asset in the first year it was purchased, and the.