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.
The deduction you receive from the IRS depends on how much the charity gets for selling your car. In the old days, you could write off your car for the market value, but that changed in 2005, apparently because a lot of taxpayers were overvaluing their cars. So now your deduction depends on that final sale price. For example, if the market says your car is worth $5,000, but the charity can only get $3,300 on the auction block, your deduction is $3,300. Cash.