Thinking of purchasing any new equipment for 2011? If so, you still have a couple months to take advantage of the 100% bonus depreciation deduction which will expire on December 31, 2011. On January 1, 2012, the bonus depreciation reverts back to 50% bonus depreciation. Just remember, the equipment must be “new.” If used equipment is purchased, you will not be eligible for the bonus depreciation.
/posted by Diana Dials
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