what assets qualify for bonus depreciation 
the irs defines qualifying property for bonus depreciation purposes as 1 tangible property depreciated under the modified accelerated cost recovery system macrs with a useful life of 20 years or less 2 certain computer software 3 water utility property and 4 qualifying film television or live theatrical productions 7the bottom linebonus depreciation is a tax incentive for businesses that purchase certain new assets it is similar to section 179 depreciation but has higher dollar limits in some cases bonus depreciation is currently phasing out and scheduled to end as of 2027 