With over 25 years of experience, we understand 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 conducts certified appraisals on all types of metalworking machinery – from a single piece of equipment to every machine under your roof. Our staff of Certified Equipment Appraisers are recognized as outstanding members of the Association of Machinery & Equipment Appraisals (AMEA) and conform to the latest Uniform Standards of Professional Appraisal Practice (USPAP) standards.
Action Machinery Consulting, LLC provides a full range of asset management services to lending institutions, banks, manufacturers and leasing companies to maximize the value of equipment inventory.
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:
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.
Original Equipment Cost: $500,000
2016 Potential Tax Savings: $175,000
Final Equipment Cost: $325,000
Cash Savings on Equipment Purchase: $175,000