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You might not be able to use the full cost of the tractor in 2015 but you can depreciate a portion of the cost for 2015.
Half-year convention generally applies in the computation of cost-recovery deductions (depreciation) for the year that property (other than real property) is first placed into service.
50% Bonus Depreciation will be extended through 2019. Businesses of all sizes will be able to depreciate 50 percent of the cost of equipment acquired and put in service during 2015, 2016 and 2017. Then bonus depreciation will phase down to 40 percent in 2018 and 30 percent in 2019.
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