Depreciation: Qualified restaurant property and bonus depreciation
Qualified restaurant property is only eligible for bonus depreciation if it is also considered a qualified leasehold improvement property. To indicate that a qualified restaurant property is a qualified leasehold improvement either:
- Use the Method Life Wizard and selectLeasehold improvement (qualified).
- Select on theOthertab in the asset detail and selectLeasehold improvement (168(k))in theGo Zone/168 (k)(force)field.