How to Depreciate Property, to inform your discussion. Section 179 allows a current deduction for the acquisition cost of business-use assets. Describe the eligibility requirements and deduction limitations. Why would a taxpayer choose to not elect the Section 179 deduction if the property were eligible?

Please overview the following IRS Publication 946: How one can Depreciate Property, to inform your dialogue. Half 179 permits a gift deduction for the acquisition worth of business-use property. Describe the eligibility requirements and deduction limitations. Why would a taxpayer choose to not elect the Half 179 deduction if the property had been eligible?