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5-year DDB depreciation: can you take less?
If a small business (partnership) is depreciating equipment using 5-year DDB, can they take less than the allowed amount one year and make it up in a later year?
3 Answers
- jseah114Lv 61 decade agoFavorite Answer
No, you cannot. With depreciation, the IRS follows the rule of allowed and allowable. This means that even if you do not claim the depreciation that is allowable to you, the IRS will adjust your basis in the asset as if you did take the full depreciation deduction, even if you did not.
- 1 decade ago
No.
You can, in the first year the assets are placed in service, elect to use the alternative (longer) live and/or straight-line methods. Then you would continue to use that method for those assets in future years.
But you cannot pick and choose for a particular asset from year to year.
