They have a Form The statutory employee box is checked on their Form W-2, box 13. Mark for follow up Question 34 of 75. All of the following statements are true regarding special/bonus depreciation EXCEPT: O It is permissible to opt out of special/bonus depreciation annually, based on class life. Effective for purchases made after September 27, 2017, the special allowance election applies to new and used property purchased by the taxpayer for use in their business. Bonus depreciation is allowed only for qualified property the first year it is placed in service in the taxpayer's trade or business Bonus depreciation is calculated before any Section 179 deduction and before calculating regular depreciation. org Firef 119 - Bours depraat Mark for follow up