| TECHNOLOGY SERVICE NEWS | |
| Good Reason to Buy New Equipment Now | |
Through a temporary change in the tax code it provides a "bonus" depreciation for new equipment purchases in 2008. Businesses can deduct an additional 50-percent of the cost of their investment instead of depreciating it over 5 to 7 years. The legislation also increases expensing for small businesses. This means that a business placing less than $800,000 of equipment into service this year would be able to immediately deduct up to $250,000 – (up from $128,000) of its investment in 2008. |
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