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#1
06-14-2005, 04:43 AM
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 Re: Section 179 - New furnace? <hodag007[at]hotmail.com> wrote: - quote - > Can you section 179 expense a new furnace used in a
Unfortunately, a furnace used in a business in 39 year> business? If not does it qualify for bonus depreciation? I > am refering to the 2004 tax year. Thanks. property and not eligible for the 179 expense. Keep it separate on your depreciation schedule so you can write off the remaining balance when you replace it in the future. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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06-14-2005, 04:05 AM
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| Re: Section 179 - New furnace? hodag007[at]hotmail.com wrote: - quote - > Can you section 179 expense a new furnace used in a
Clarification please. what kind of furnace? one in the> business? If not does it qualify for bonus depreciation? I > am refering to the 2004 tax year. Thanks. factory for heating metal or glass? or one in the office complex for heating administrative offices? ChEAr$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
06-11-2005, 12:14 AM
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| Section 179 - New furnace? Can you section 179 expense a new furnace used in a business? If not does it qualify for bonus depreciation? I am refering to the 2004 tax year. Thanks. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 179, furnace, section |
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