United Medical Instruments - Diagnostic Ultrasound Blog!

Section 179 and Bonus Depreciation

Posted by Jeanette Ashby on Wed, Nov 9, 2016 @ 12:11 PM

 What is the Section 179 Deduction?

Essentially, Section 179 of the IRS tax code is an incentive created by the U.S government to encourage businesses to invest in themselves, allowing them to elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year the property was placed in service.

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Topics: UMI Blog, MRI