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    the total amount of bonus depreciation that can be claimed. The bonus depreciation can be used for investments in Qualified GO Zone property, which must meet the following
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    In the recent news for real estate investors, there has been a lot of discussion about the tax benefits of investing in Go Zone; i.e., those areas impacted by hurricanes Katrina, Rita, and Wilma. In this article, we explore the concept of bonus depreciation and how it can apply to you.

    The GO Zone Act allows for a significant acceleration of the normal depreciation deduction by allowing a bonus depreciation deduction in the first year. Qualified GO Zone Property is placed in service equal to 50% of its cost, in addition to the normal depreciation deduction for the balance of such costs. This benefit is available to businesses of all sizes, and there is no dollar cap on the total amount of bonus depreciation that can be claimed. The bonus depreciation can be used for investments in Qualified GO Zone property, which must meet the following

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    atrina, Rita, and Wilma. In this article, we explore the concept of bonus depreciation and how it can apply to you.

    The GO Zone Act allows for a significant acceleration of the normal depreciation deduction by allowing a bonus depreciation deduction in the first year. Qualified GO Zone Property is placed in service equal to 50% of its cost, in addition to the normal depreciation deduction for the balance of such costs. This benefit is available to businesses of all sizes, and there is no dollar cap on the total amount of bonus depreciation that can be claimed. The bonus depreciation can be used for investments in Qualified GO Zone property, which must meet the following

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    ation of the normal depreciation deduction by allowing a bonus depreciation deduction in the first year. Qualified GO Zone Property is placed in service equal to 50% of its cost, in addition to the normal depreciation deduction for the balance of such costs. This benefit is available to businesses of all sizes, and there is no dollar cap on the total amount of bonus depreciation that can be claimed. The bonus depreciation can be used for investments in Qualified GO Zone property, which must meet the following
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    cost, in addition to the normal depreciation deduction for the balance of such costs. This benefit is available to businesses of all sizes, and there is no dollar cap on the total amount of bonus depreciation that can be claimed. The bonus depreciation can be used for investments in Qualified GO Zone property, which must meet the following
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    the total amount of bonus depreciation that can be claimed. The bonus depreciation can be used for investments in Qualified GO Zone property, which must meet the following four elements: (1) Eligible property (generally, equipment, non-residential real property or residential rental property); (2) substantially all of the use of which is in an "active trade or business" in the Go Zone; (3) the original use of which began in the GO Zone on or after August 28, 2005; and (4) which was acquired by purchase for which there was no written binding contract for its acquisition in effect before August 28, 2005.

    Though hurricane Katrina affected most of the states of Alabama, Louisiana, Florida, and Mississippi, not all parishes are covered by the provisions of the GO Zone Act. In Louisiana, for example, only 37 parish areas are eligible to claim th

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