How Much Is Bonus Depreciation In 2024 In India. Bonus depreciation is a way to accelerate depreciation. Full bonus depreciation is phased down by 20% each year for property placed in service after dec.

Depreciable assets are grouped in blocks, and each block is eligible for depreciation at a prescribed rate. Bonus depreciation, which is generally taken after the section 179 spending cap is reached, will continue to phase down from 80% in 2023 to 60% in 2024.