Bonus Depreciation for Acquired Assets

Public and private companies engage Marshall & Stevens to value and categorize acquired assets (machinery, equipment, and improvements) in order to claim Bonus Depreciation, for federal tax reporting. The analyses require an application of the IRS’s Modified Accelerated Depreciation System (“MACRS”), the Tax Cuts and Jobs Act of 2018 (“TCJA”) and most recently, the Coronavirus Aid, Relief, and Economic Security Act (“Cares Act”).