The federal government passed an economic stimulus package that enhanced IRS Section 179 which offers accelerated depreciation opportunities on equipment and software purchased in 2010.
The 2010 Section 179 offers companies that spend less than $2,000,000 this year on qualified equipment to accelerate depreciation expense up to $500,000. 50% bonus depreciation has also been offered and this allows a business to fully depreciate 50% of all qualified equipment purchased in 2010 with no maximum purchase limits.
Download the 2010 IRS Section 179 document better explains this information.
