What is an advantage of using the Section 179 Deduction over MACRS?

a. Section 179 applies only to business asserts, whereas depreciation applies to both business and personal assets.

b. The Section 179 may be elected on a property-by-property basis.

c. Section 179 reduces the depreciation on most assets to only five years.

d. By deducting more currently, total tax liability is increased and the present value of cash flows is decreased.