2009 Depreciation Bonus Calculator
Cost of Equipment $
Assumptions:
1. Company uses
MACRS depreciation
- 5 years.
2. Company generates taxable income.
3. Assume transactions are qualified.
4. Assume equipment "
placed in dirt
" in 2009 as noted.
Instructions:
1. Please fill in Cost of Equipment above.
2. Please fill in 179 Asset Expense (if any) below.
3. Click on Calculate to view the results.
Review results with your tax advisor.
Potential Benefits
With 179
Without 179
Instructions
Cost
0
0
From Equipment cost given about
179 Asset Expense**
n/a
Deteremine Sec 179 available and fill in
Remaining Cost Basis
0
0
Calculated
Bonus Depreciation***
0
0
Calculated
Remaining Cost Basis
0
0
Calculated
MACRS @ 20%
0
0
Calculated
Remaining Balance*
0
0
Calculated
% W/O
0
0
Calculated
Tax Benefit @ 40%
0
0
Calculated
*Remaining balance to be depreciated using remaining MACRS 5 year schedule
**For years beginning in 2009 only Sec. 179 amount cannot exceed $250,000 and is offset dollar for dollar for equipment purchases over $800,000.
***For calendar year 2009.
The information contained in this calculator is provided as a public service. It should not be construed as tax advice or a promise of potential savings or reduced tax liability. For more information about the depreciation bonus, contact your tax professional or visit the Internal Revenue Service Web site at
www.irs.gov
.