Browsing Tag depreciation
WHY DO SOME CARS DEPRECIATE FASTER THAN OTHERS?
By Tom Martino at August 7, 2017 | 4:16 pm | 0 Comment
Depreciation is determined by one thing and one thing alone: Perception. Perception drives buying decisions. When more buyers go after a particular group of cars (such as Japanese), the supply is lower and prices rise. When prices rise, depreciation lessens. Right now, perception is that Japanese cars are great values because they last a long time and have reasonable more...
TAX SAVINGS – USE “SECTION 179”
By Tom Martino at October 30, 2014 | 11:38 am | 80 Comments
The IRS has a section of the code that allows you to take a deduction for the purchase of business equipment, all in one year, instead of spreading it out over many years in "depreciation". As the name implies, the section of the IRS code is #179. more...