Help! I'm trying to understand how section 179 works for businesses.
I'm getting the deductions all confused, is the 2011 deduction maximum = 25,000 (per machiney or equipment)? and then your allowed 50% of the remaining balance as a deduction as well? plus depreciation on the equipment?
that is of course, if we are getting tested on 2011 laws in the first 2 quarters of the year.