Bonus Depreciation with Short Tax Years

Hi All,

I was wondering if anyone has run into a scenario or if there is documentation out there for if there is bonus depreciation to be applied and on top of that...2 short tax years within the same calendar year that bonus depreciation is applied.

There are 2 short tax years:

 01/01/2012-04/30/2012

 05/01/2012-12/31/2012

For example, an asset is placed in service 01/01/2012.   50% depreciation is to be applied to the asset.   The short year depreciation rate from 01/01/2012-04/30/2012 is applied against the adjusted basis (original cost - 50% bonus).  Then the short year depreciation rate from 05/01/2012-12/31/2012 is applied against the new adjusted basis (original cost - 50% bonus-first short year depreciation).