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Generator purchase/install

MGC94
Level 7

Generator purchase/install- Does this have to be depreciated or can I write the whole thing off? Sch C 

total cost $11,500 

They made $957,167 auto mechanic and used it for the shop 

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2 Comments 2
GodFather
Level 8

It sounds like an asset.  What is the expected useful life?  Is bonus depreciation an option here?

IRonMaN
Level 15

You can potentially write if off, but it has to be done by way of bonus depreciation or section 179.


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