Built by the California Department of Water Resources (DWR), Oroville Dam is one of the key features of the California State Water Project (SWP), one of two major projects passed that set up California's statewide water system.
However, writing off the purchase price of the car as a section 179 expense, which allows you to write off the full price of a business asset rather than depreciate it over a number of years, is only allowable if the car wasn't first used as a personal vehicle.ection 179 Deduction. According to the IRS, the only year in which you can claim the section 179 deduction is that in which you placed the car in service. The IRS defines in service as ready and available for a specific use, whether personal or business.
For example, if a company buys a piece of equipment for $50,000, it can either write the entire cost of the asset off in year one, or it can write the value of the asset off over the life of the asset, which is 10 years. This is why business owners like depreciation.