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Depreciation of minivan

Level 2

100% business use minivan over 6,000 pounds under 14,000 cost $37,500. Looks to me like section 179 is limited to $25K and then can take regular depreciation of $2500. However if I use special depreciation it allows the full amount. Is that correct?

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2 Replies 2
Level 15


ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
Level 15
Level 15

Your state may not allow Special Depreciation though, so that could be a factor in your decision on which way to go.