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It is often said that BONUS depreciation isn't really a bonus. Which of the following explanations is correct?

1. The Bonus depreciation must be recaptured upon sale of the asset.

2. Bonus depreciation looks impressive, but isn't deductible on the tax return

3. Bonus depreciation allows for larger first year prepare-off, but doesn't increase the total depreciation on an asset

4. Whatever benefit is derived from Bonus depreciation is wiped out by Sec. 1245 or 1250

Accounting Basics, Accounting

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