Built by the California Department of Water Resources (DWR), Oroville Dam is one of the key features of the California State Water Project (SWP), one of two major projects passed that set up California's statewide water system.
However, writing off the purchase price of the car as a section 179 expense, which allows you to write off the full price of a business asset rather than depreciate it over a number of years, is only allowable if the car wasn't first used as a personal vehicle.ection 179 Deduction. According to the IRS, the only year in which you can claim the section 179 deduction is that in which you placed the car in service. The IRS defines in service as ready and available for a specific use, whether personal or business.
For 2014, the maximum first-year depreciation write-off for a new (not used car) that costs over $15,300 is $3,160. For a used car, the maximum first-year write-off for 2014 is a much lower $3,160. (These figures assume 100% business use.). The limit is higher for SUVs with loaded vehicle weights over 6,000 pounds. If you drive a lot for business and have few vehicle expenses, use the standard mileage rate to determine your deduction. 2  Business use of a vehicle is a legitimate deductible expense and should be claimed by the taxpayer.