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No other assets were added, and only prior year assets were depreciated in 2013. My question relates to being able to elect OUT of the bonus depreciation on the amended 2013 return... I see the rule that a missed election out can be made on an amended return if file within 6 months of original due date.
The deduction is taken on a per item basis, and you can claim the Section 179 deduction for one purchase and not claim it for another. Say your business purchased two trucks during the year that would qualify for the deduction. You can choose to claim one as a full write-off and take depreciation on the other to spread out the write-off.