Prior to 2013 Sofie’s business purchased the equipment listed below. No section 179 deductions were taken on this equipment.
Office equipment 06/2008 7 years recovery $11000
Office equipment 07/2010 7 years recovery $15000
Office equipment 01/2010 7 years recovery $14000
Office equipment 12/2012 7 years recovery $5000
4 copy machines ($7000 each) 12/2012 5 years recovery $28000
two computers were purchased at $3000 each on march 7,2013. computer’s are a 5 year recovery life. a new copying/printing system was purchased at $22150 on june 6 2013. a section 179 deduction was taken for $18,000 and the remainder should be depreciated using a 7 year life. sofie knows she can take more as a section 179 deduction but thinks her business will grow and wants to keep some depreciation expense into future years.
No bonus depreciation is elected.
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