11-15-2018
Carson City, Carson County, Nevada
Capital Equipment Deductions Section 179
The uploaded homepage content states that the 2018 Deduction Limit is $1,000,000 and the 2018 Spending Cap on equipment purchases is $2,500,000. It also states that bonus depreciation is 100% for 2018 and describes the Section 179 deduction as allowing businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year.
- 2018 Deduction Limit = $1,000,000
- 2018 Spending Cap on equipment purchases = $2,500,000
- Bonus Depreciation = 100% for 2018
- The content notes that both new and used equipment qualify for the Section 179 Deduction, while bonus depreciation covers new equipment only.
11-05-2018
U.S. Census Bureau
New Factory Orders Up $3.4B in September 2018
The homepage content cites the U.S. Census Bureau reporting that new orders for manufactured goods in September increased $3.4 billion or 0.7% to $515.3 billion. It also states that shipments increased $4.6 billion or 0.9% to $509.8 billion and unfilled orders increased $9.7 billion or 0.8% to $1,186.5 billion.
The report highlights increases in new orders, shipments, and unfilled orders during September 2018.