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.
Depreciation and expensing for that car or truck you use for business is a little trickier than for other types of business assets because IRS has special rules for vehicles. No matter how much you pay, the first-year write-off for a new or used car is just $3,160 in 2014. For assets placed in service in 2014, you can take a maximum deduction of $500,000. 2  Investment limit. 3  As a way to focus this tax break on smaller businesses, firms whose investment in new property exceeds a threshold amount gradually lose the right to expensing. 4  For 2014, the investment threshold is $2,000,000.