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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.
So, for 2012, subject to certain rules and limitations, businesses can expense up to $139,000 of qualifying assets and then claim 50% first-year. bonus depreciation and regular depreciation on the remaining cost. State-by-state Analysis. The attached appendix is a state-by-state summary showing the current status of each. stateâs conformity (or lack thereof) to the federal bonus depreciation rules and increased. Section 179 expensing rules. However, itâs not always easy to say definitely whether a state.