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Falcon, Inc. has the following assets in service at the end of 2022: - In 2022 Falcon has taxable income of $10,000,000. - Falcon did not utilize a 179 deduction or bonus depreciation prior to 2022 . They would like to take the 179 deduction, but not bonus depreciation, this year. Falcon, Inc. has the following assets in service at the end of 2022: - In 2022 Falcon has taxable income of $10,000,000. - Falcon did not utilize a 179 deduction or bonus depreciation prior to 2022 . They would like to take the 179 deduction, but not bonus depreciation, this year