Bonus Depreciation 2024 Rules In Hindi. Bonus depreciation is an accelerated form of depreciation — it allows you to deduct a fixed percentage (80% for 2023) of an asset’s cost upfront instead of spreading. It allows a business to write off more of the cost of an asset in the year the company starts using it.

These two rules expand the ability of taxpayers to treat used property as eligible for bonus depreciation, while reducing the potential tracking burden that would. Overview of bonus depreciation in 2024.