Robert Henry wrote:

- quote -

The amount left over, 58.5 minus 24, should first have been
subject to a bonus % of depreciation (unless you opted out
of it), and then what was left subject to normal
depreciation under MACRS, thus amounting to three possible
depreciation amounts on your 2002 return.

- quote -

And the remained depreciated over the remaining six years.
according to a pre set percentage schedule.

Cheer$,
Harlan Lunsford, EA n LA

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During tax year 2002, I bought a piano for my business. The
total cost was $58,500. I took the 179 deduction for the
maximum of $24,000.

There is $34,500 left over. When I originally took the 179
deduction, I assumed that anything over the $24,000 would
roll over into the next year(s). Am I correct?

Can I write off this amount in 2003? How can I write off
this money?

Thanks,

Robert Henry

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