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@pat wrote:

Thank you for confirming that bonus is unaffected by the short year. However, that leaves me with the question about what value to enter this asset on the estate return. Bonus this year is 40% and I am unsure whether the full value of the asset should be entered again on the estate. Is only adding this asset to the estate a better available option?

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Exactly where does this mention depreciation, rather than the valuation that would go on a 706?  A knowledgeable preparer would know that depreciation starts over for inherited property and inherited property is not eligible for "bonus this year" so why even mention it?