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Section 179 |
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Section 179 An alternative to depreciation, which is a way of deducting expenses gradually over an asset's useful life. Under Section 179, one may deduct the entire cost of the certain assets in the year they were purchased (or put into service). One may not use Section 179 for certain assets, notably real estate. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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