Depreciation provisions modified and extended. The following depreciation provisions are retroactively extended by the Act through 2014:

• 15-year straight line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements;
• increased expensing limitations (section 179) and treament of certain real property to $500,000
• The 50% bonus depreciation provision for qualified property has been extended for 1 year for property placed in service after December 31, 2012