A business asset is property you acquire to help produce income for your company. This can be durable equipment from computers to office furniture to tractors. Depreciation is a way of allocating the cost of the asset over its expected usable life by expensing a portion of the cost over several years. This accounting method […]
Tag: Section 179
Boost Your Bottom Line with Section 179 Tax Deductions
Owners of construction companies have a variety of daily obstacles to overcome and goals to meet. They also regularly make major decisions regarding equipment and machinery investments. Such purchases can make or break a construction firm, so these decisions are not taken lightly. A taxpayer may elect to expense the cost of any section 179 […]