Final answer:
The statement is false because the § 179 expense deduction is taken before computing any bonus depreciation, not after.
Step-by-step explanation:
The statement that any elected § 179 expense is taken after additional first-year depreciation is computed is false. The § 179 expense deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software within the tax year the property is placed in service, up to certain limits. This deduction is intended to encourage businesses to buy equipment and invest in themselves. In fact, the § 179 deduction is taken before calculating any bonus depreciation, which is another form of accelerated depreciation that is taken after the § 179 expense deduction to the extent that the asset's cost exceeds the § 179 limit.