Depreciation - 179 deduction limitation
Answer:
Self-employed individuals and other small businesses will be entitled to immediately write off up to $500,000 of business equipment purchases in 2016 without having to depreciate the costs over a period of years.
The amount of the 179 deduction is reduced by the cost amount in excess of $500,000 dollars.
The amount of the 179 deduction is reduced by the cost amount in excess of $500,000 dollars.
