Depreciation:

  • MACRS rules;
  • Section 179 expensing;
  • Bonus depreciation;
  • Election to accelerate credits in lieu of bonus depreciation;
  • Qualified property;
  • Disaster relief provisions;
  • Election to deduct qualified capital costs for small refiners;
  • Election to expense certain refinery property;
  • Units of production;
  • Gas gathering lines; and
  • Capitalization rules under 263.