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Old 11-19-2004, 10:23 AM
jvr jvr is offline
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Join Date: May 2001
Location: Middle Georgia
Posts: 13

I was told by my dealer this week that the depreciation for equipment was changing in January 05. I haven't checked with my CPA yet, but was wondering has anyone heard this or know any details. It's something we should be aware of if your planning new equipment buys next year.
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Old 11-19-2004, 10:58 AM
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tiedeman tiedeman is offline
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Join Date: Jan 2003
Location: earth
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hopefully for the better.
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Old 11-19-2004, 11:02 AM
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cleancutccl cleancutccl is offline
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Join Date: Aug 2004
Location: Lawrence, Kansas
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odds are they will be adding a special incentive to buy new equipment. Haven't heard anything yet, I will do go through tax updates in December, because I do tax preparation through the winters.
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Old 11-19-2004, 11:21 AM
lsylvain lsylvain is offline
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Join Date: Feb 2001
Location: Sarasota/Bradenton, FL
Posts: 777
I believe what your dealer is talking about is the additional 30% from sept 11. You have to purchase the equipment before 1/1/05 to qualify. Also, many of the bush breaks are not permanent which I expect to become permanent anyway. Even under the old rules you could 179 up to 40k anyway (100k now) so It really doesn't matter unless you buy a ton of new stuff. He is just trying to sucker you in to buying now so he can make the sale.
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