IntroductionFuture developments. For the latest information about developments related to Publication 946 such as legisla-tion enacted after this publication was published, go to . This publication explains how you can recover the cost of business or income-producing property through deduc-tions for depreciation (for example, the special deprecia-tion allowance and deductions under the Modified Accel-erated Cost Recovery System (MACRS)). It also explains how you can elect to take a section 179 deduction, in-stead of depreciation deductions, for certain property, and the additional rules for listed property