After reading the chapter, review the following topics below, choose one (1) and contribute to either:

#1	Bonus Depreciation Research the concept of bonus depreciation. Why is this available? Are there any proposed changes to bonus depreciation? How does bonus depreciation, MACRS and 179 interact?
#2	Luxury Automobiles If a car loses more than 20% of its sales value in the first year, why can you only take a maximum of $3,160 in depreciation? Is bonus depreciation or 179 available for luxury automobiles? Should there be a luxury auto limitation? Should the limit be higher?
#3	Intangibles Should you be able to amortize goodwill and going concern values? How do you arrive at the value? Does goodwill last 15 years and if not why do you have to use 15 years?

In order to earn the full points for this assignment, you must:

Begin your post with the Topic Name

Directly and completly answer the question.

Include examples, illustrations and/or applications in your answer. If you copy information from the Internet, you must cite your source.

Respond to one of your classmate's post on one of the OTHER topics.

Explain the reason for your agreement or disagreement or why you think the post is important, and/or providing examples of the point(s) made. Just replying "I agree with you" does not constitute a valid reply.

Reminder: Please make sure to comply with all Netiquette Guidelines listed in the Getting Started module.