Does Section 179 Deduction apply to equipment purchases for 2011?

I was planning to upgrade my telephone system equipment from Avaya IP Office to Barracuda in 2012. However, I became aware of Section 179 Deduction today and would like to know whether it would benefit me to upgrade my telephone equipment this year.
bobox00Asked:
Who is Participating?
I wear a lot of hats...

"The solutions and answers provided on Experts Exchange have been extremely helpful to me over the last few years. I wear a lot of hats - Developer, Database Administrator, Help Desk, etc., so I know a lot of things but not a lot about one thing. Experts Exchange gives me answers from people who do know a lot about one thing, in a easy to use platform." -Todd S.

Dan KennedyBusiness System AnalystCommented:
Yes, it applicable to 2011 purchases.

Have a look at this:

http://www.section179.org/section_179_deduction.html
0

Experts Exchange Solution brought to you by

Your issues matter to us.

Facing a tech roadblock? Get the help and guidance you need from experienced professionals who care. Ask your question anytime, anywhere, with no hassle.

Start your 7-day free trial
bobox00Author Commented:
Thanks Dankem. our company accountant says that my planned equipment upgrade that may cost our company up to $20000 will be 100% covered in 2011. If the upgrade is done in 2012 however, there will be a limit of $200k coverage and this would depend on the company's profits. Not too straighforward I know, but it does give an idea...
0
It's more than this solution.Get answers and train to solve all your tech problems - anytime, anywhere.Try it for free Edge Out The Competitionfor your dream job with proven skills and certifications.Get started today Stand Outas the employee with proven skills.Start learning today for free Move Your Career Forwardwith certification training in the latest technologies.Start your trial today
Hardware

From novice to tech pro — start learning today.

Question has a verified solution.

Are you are experiencing a similar issue? Get a personalized answer when you ask a related question.

Have a better answer? Share it in a comment.