Does Section 179 Deduction apply to equipment purchases for 2011?

Posted on 2011-10-11
Last Modified: 2012-05-12
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.
Question by:bobox00
    LVL 2

    Accepted Solution

    Yes, it applicable to 2011 purchases.

    Have a look at this:

    Author Comment

    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...

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