Originally Posted by Daycarefamily:
If I replace my driveway this year because its old and cracking and falling apart, can I depreciate 100%? It will cost $40k to replace. What if I expand it also to meet zoning requirements stating that I need an adequate turn around for customers? I am a residential day care provider.
You do not have to depreciate a new driveway. You can deduct the business portion in one year.