Many strategies can help a business maximize its current depreciation deductionssome of those strategies that a taxpayer may put off purchases to the following taxable year. If the taxpayer is near surpassing the 4th quarter while placing an asset into service limitation, that will involve recording less depreciation in the mid-quarter.

Under section 179 asset, a taxpayer may choose to tariff recovery period of 7 years instead of the five-year assets. Since the percentage of depreciation is lower during the first year for the sever year asset. The percentage is 14.29% versus 20%.

Furthermore, taxpayers, on the other hand, be allowed to expense section 179 and can choose to expense the whole amount of the asset put in service during the fourth quarter. That is due to the midquarter test not including expensed assets.

PLEASE RESPOND TO THIS IN A DISCUSSION LIKE MANNER ON WHY YOU FOUND IT INFORMATIVE