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Finance
Fact - What is IRS Section 179?
A
company normally depreciates equipment over the tax-life of the item.
IRS Section 179 allows companies to fully expense tangible property in
the year it is put in service.
In 2003, the IRS raised this first year exemption from $25,000 to $100,000.
- Equipment Cost:$55,000
- Lease Term: 60 Month
- Lease Payment:$1,230
- Tax Bracket:30%
- Section 179 Deduction :Full $55,000
- 50% Bonus Depreciation: N/A
- First Year Depreciation: N/A
- $55,000 x 30% means a first year tax
savings of $16,500. The total lease payments in the first year
are only $6,150.00!
-
Complete an
application
(PDF)
(MS Excel).
-
The
Calculator,
can provide an estimate of the monthly payments based on the
amount leased and the length of the lease.
Back to Leasing Information.
ARCHIVE-CD, LLC uses third party leasing agencies
to provide lease financing.
If you
have any questions or would like the name of other leasing agencies please
call: TOLL FREE 1-800-323-1868. |
