win about $$150,000$ each year and asks your advice on depreciation of the truck. You tell him:

Bonus depreciation is your best option. You can claim the standard mileage rate and also write off the full cost of the truck this year.

Bonus depreciation would give you the maximum deduction for $2022.$ That's what you should do$.$

Lets consider your future plans. Bonus depreciation will give you the maximum deduction for $2022$ but leave you with nothing to depreciate in the future. Regular MACRS will give you smaller deductions for each of the next $5$ years. Section $179$ will let you take a larger deduction this year and still have some deductions in the future. Which of these options fits best with your long term plans?

Since you exped to have considerable income every year and keep good records, there is only one choice for you: Take MACRS depreciation and deduct a portion of the cost of the truck every year for the next five years. Don't forget to keep your mileage log$.$ though.

Mark for follow up