All of the following statements are true regarding special/bonus depreciation EXCEPT: A.) It is permissible to opt out o

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All of the following statements are true regarding special/bonus
depreciation EXCEPT:
A.) It is permissible to opt out of special/bonus depreciation
annually, based on class life.
B.) Bonus depreciation is calculated before any Section 179
deduction and before calculating regular depreciation.
C.) Bonus depreciation is allowed only for qualified property
the first year it is placed in service in the taxpayer's trade or
business.
D.)Effective for purchases made after September 27, 2017, the
special allowance election applies to new and used property
purchased by the taxpayer for use in their business.
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