[Okta Webinar] Learn how to a build a cloud-first strategyRegister Now

  • Status: Solved
  • Priority: Medium
  • Security: Public
  • Views: 209
  • Last Modified:

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.
1 Solution
Dan KennedyCommented:
Yes, it applicable to 2011 purchases.

Have a look at this:

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...

Featured Post

A Cyber Security RX to Protect Your Organization

Join us on December 13th for a webinar to learn how medical providers can defend against malware with a cyber security "Rx" that supports a healthy technology adoption plan for every healthcare organization.

Tackle projects and never again get stuck behind a technical roadblock.
Join Now