AudioDigest*

Play it again: The extension of bonus depreciation

Bonus depreciation under section 168(k) has been extended under the American Recovery and Reinvestment Act, which was signed into law on February 17, 2009. For many companies, this extension provides significant opportunities to accelerate depreciation deductions and increase cash flow. However, understanding bonus depreciation, recognizing how it interacts with other provisions in the tax code, and establishing proper planning strategies to take advantage of the available benefits can be a challenging prospect.

In this podcast, members of PwC's Federal Tax Services team, Darrell Poplock and James Liechty, take a fresh look at bonus depreciation as they discuss the history of the provision, recent legislative actions shaping the extension of bonus, and which taxpayers and property qualify, as well as some of the common issues and challenges that companies should be aware of when approaching bonus depreciation.

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