Enactment of so-called bonus depreciation on March 9, 2002,1 allowing a 30 percent extra depreciation amount for regular tax and alternative minimum tax purposes,2 and the boosting of bonus depreciation to 50 percent for eligible property acquired after May 5, 2003 and placed in service before January 1, 2005,3 were not accompanied by a reference to eligibility of residences for bonus depreciation if the property otherwise met the requirements for the additional depreciation. Yet with the re-enactment of bonus depreciation for 2008 only4 at the 50 percent level has focused attention on whether new farm and ranch houses are eligible for the 50 percent additional depreciation amount.