I was wondering if you could give me your opinion on how to handle our year-end.

Our year-end profit before my questions is $172,570.  This number includes our interest expense of $1,315,298 and we will be hit with the interest expense limitation because of our prior sales.

I am not sure what the best way to handle $903,980 of warehouse equipment that we built to manufacture a new product.  Should I take the bonus depreciation?  Should I take Section 179 depreciation?

How would you suggest I handle this?  My net income number does not include anything with the new warehouse equipment.  We are a S Corporation.