It has to be new to your business. Under the new Section 179 rules, depreciable tangible personal property purchased for use in the active conduct of a trade or business can be written off up to $100,000 total.
Your strategy should be to apply the election first to the longest term depreciation items, then the shorter term items, until you reach the $100K limit.
It has to be new to your business. Under the new Section 179 rules, depreciable tangible personal property purchased for use in the active conduct of a trade or business can be written off up to $100,000 total.
Your strategy should be to apply the election first to the longest term depreciation items, then the shorter term items, until you reach the $100K limit.