TITLE

Two options available for writing off equipment purchases

AUTHOR(S)
Battersby, Mark E.
PUB. DATE
September 2008
SOURCE
Primary Care Optometry News;Sep2008, Vol. 13 Issue 9, p8
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
The article focuses on the options available for optometrists for writing off equipment purchases under Section 179 of the U.S. Internal Revenue Code. The law means optometrists or their practices can write off up to $250,000 of the cost of equipment in 1 year, rather than depreciating that equipment over several years. Qualified for deduction are properties described as depreciable tangible property that is purchased for use in the active conduct of a trade or business.
ACCESSION #
34039345

 

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