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Business Depreciation (What Is It and How Can It Improve Cash Flow?)

Did you know that you can take a tax deduction for 100% of your equipment’s cost in the year you buy it using bonus depreciation and/or the Section 179 deduction? Bonus depreciation and Section 179 deduction are especially beneficial to companies that need to purchase significant amounts of equipment to operate their business. By accelerating deductions, companies are able to take advantage of the time value of money by essentially “deferring” income taxes to future years. Bonus depreciation and the Section 179 deduction are the U.S. government’s way of encouraging small businesses to purchase equipment by providing tax incentives while also stimulating the economy. Equipment gets sold and u

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