“Most were purchased individually and cost less than $100. Can I just list all my snowboards as one purchase for depreciation purposes and put the date as just 2011, then do the same for helmets etc. ex: 25 Rental Snowboards $4,000 purchased 2011. Or do I need to list each one individually ex: Rental Snowboard $100 purchased 06/01/11. I'm going to section 179 these.”----->I guess so. To qualify for the Section 179 deduction for the 2011 tax year, the equipment must be purchased / leased and placed into service between January 1, 2011 and December 31, 2011. The most important difference is both new and used equipment qualify for Section 179 Deduction, while Bonus Depreciation covers new equipment only. Bonus Depreciation is useful to very large businesses spending more than $2 million on new capital equipment in 2011.However, Sec 179 deduction for any taxable year , 2011,may not exceed your aggregate income from the active conduct of trade or business by you for that year.If, for example, your net trade or business income from active conduct of trade or business was $70,000 in 2011, then the your Sec 179 deduction cannot exceed $70,000 for 2011. However, the Sec 179 deduction not allowed for any year because of this limitation can be carried over to the next year.