The answers so far provided are right on. I would only add that professional guidance is required to determine which assets are eligible for section 179 and/or bonus depreciation. I do agree that if your current CPA does not discuss depreciation strategy with you (and preferably in Q3/early Q4 of the year), it is time to re-consider who provides you tax advice. Good tax strategy advise typically outperforms the fees you pay. Let me know if I can be of further assistance. Ruslan