§168(k)(7) Election Out of Bonus Depreciation

ELECTION OUT OF ADDITIONAL FIRST-YEAR (BONUS) DEPRECIATION
Internal Revenue Code § 168(k)(7)

Taxpayer:                       [Taxpayer name]
Taxpayer Identification Number: [EIN/TIN]
Address:                        [Address]
Tax year:                       [Year]

Pursuant to Internal Revenue Code § 168(k)(7), the above-named taxpayer hereby elects
NOT to claim the additional first-year depreciation deduction (bonus depreciation) for
the following class(es) of property placed in service during the tax year shown above:

[List each property class]

This election applies to all qualified property in the designated class(es) placed in
service during the tax year and is irrevocable without the consent of the Commissioner.


_______________________________
[Signature]
[Title]
Date: [Date]