Are you closing or downsizing your facility? Action Machinery is interested in buying your inventory of machinery and support equipment – whether it’s one piece or an entire plant.
From online auctions to on-site auctions let our experienced professionals utilize our marketing power and substantial network of customers to convert your surplus into cash. Action Machinery Consulting is fully equipped to handle projects of any size and scope.
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