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HiTech 700BB CNC Lathe
Servoshift 19″ Engine Lathe
176 Ton Gap Frame Press
Let our staff of experienced professionals utilize our marketing power and large network of customers to convert your machinery into immediate cash.
Action Machinery provides a full range of asset management services to lending institutions, banks, manufacturers and leasing companies to maximize the value of equipment inventory.
With over 25 years of experience, our staff understands the changing market values. We will provide you with accurate and timely evaluations of all your assets for the purpose of equipment financing, insurance, taxes or estate planning.
Action Machinery is always in the market to buy your late model CNC and manual machines – from single machines to entire plants of equipment.
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For the 2016 tax year, the Section 179 Tax Deduction Limit has been raised back to $500,000, the increased level in effect in 2013 and is not reduced until the cost of section 179 property placed in service exceeds $2 Million.
Understanding The Section 179 Deduction. Click this link to see how Section 179 can benefit your business in 2016.
What you should know:
Please note:
When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business has no taxable profit in the given tax year.
Sample Savings*
Original Equipment Cost: $500,000
2016 Potential Tax Savings: $175,000
Final Equipment Cost: $325,000
Cash Savings on Equipment Purchase: $175,000