|
TAX INCENTIVES FOR 2007
$100,000 Write Off
Section 179 Federal Income Tax Deduction: This deduction
allows a small manufacturing company to deduct the first $100,000 of
equipment purchased in 2007 from their taxable Income. For
companies purchasing (or leasing with a $1.00 purchase option lease)
up to $400,000 of equipment in 2007 this deduction is available in
full. It then phases out between $400,000 and $500,000 and is
not available for companies purchasing over $500,000 of equipment. However, companies can finance purchases over $400,000
with an operating lease and may still be able to claim this
deduction.
Standard
Depreciation
Additionally, companies can take their standard depreciation
deductions on the adjusted basis of qualified property.
Machine Tools & fabricating equipment are typically depreciated
over 7 years.
Navigation
Please use the menu on the left edge of the screen to visit the
numerous products we have available, or to contact us regarding an
application that requires a custom built machine.
Information
If you have
any questions or would like to receive a quotation for any of our
machines please e-mail us at sales@cncmotion.com
© CNE Machinery Ltd. 2007
|
