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Think Like an Accountant

Think Like an Accountant. Audit and Assurance Services. July 30, 2013. Section 179 election Immediate tax deduction for asset purchases. In financial accounting, when you purchase a long-term asset you will depreciate the cost over time. However, for tax purposes you may expense some or all of the acquisition costs for property immediately. Easily purchased by the general public, not substantially modified, nonexclusive license. Beyond the scope of this post. If the property is used 100 for business.

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Christine Meders Accounting Advisory Blog An accountants insights on financial markets corporate earnings

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Think Like an Accountant

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Think Like an Accountant. Audit and Assurance Services. July 30, 2013. Section 179 election Immediate tax deduction for asset purchases. In financial accounting, when you purchase a long-term asset you will depreciate the cost over time. However, for tax purposes you may expense some or all of the acquisition costs for property immediately. Easily purchased by the general public, not substantially modified, nonexclusive license. Beyond the scope of this post. If the property is used 100 for business.

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The site had the following in the homepage, "Section 179 election Immediate tax deduction for asset purchases." I noticed that the web site stated " In financial accounting, when you purchase a long-term asset you will depreciate the cost over time." They also stated " However, for tax purposes you may expense some or all of the acquisition costs for property immediately. Easily purchased by the general public, not substantially modified, nonexclusive license. Beyond the scope of this post. If the property is used 100 for business."

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