Question: Which statement is true about bonus depreciation? a . Bonus depreciation is calculated after Section 1 7 9 deduction and MACRS depreciation and can be

Which statement is true about bonus depreciation?
a.
Bonus depreciation is calculated after Section 179 deduction and MACRS depreciation and can be taken on new or used personal property purchased in the current tax year.
b.
Bonus depreciation is calculated before Section 179 deduction and MACRS depreciation and can be taken on new or used personal property purchased in the current tax year.
c.
Bonus depreciation is calculated after Section 179 deduction and before MACRS depreciation and can be taken on new or used personal property purchased in the current tax year.
d.
Bonus depreciation is calculated after Section 179 deduction and before MACRS depreciation and can be taken on new (not used) personal property purchased in the current tax year.

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