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		<title>Depreciation Question</title>
		<link>http://www.startupnation.com/community/orca/topic/Depreciation-Question.htm</link>
		<description>Depreciation Question</description>
		<lastBuildDate>Thu, 14 Feb 2008 19:22:54 GMT</lastBuildDate>
		
			<item>
				<title><![CDATA[First, &#167;179 election can be]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Depreciation-Question.htm</link>
				<description><![CDATA[First, &#167;179 election can be made up to $125,000 in 2007 (it will be raised to $250,000 in 2008), on investments that do not exceed $500,000.&#160; If you placed more assets in service then the amount is reduced.
The election is made based]]></description>
				<pubDate>Thu, 14 Feb 2008 19:22:54 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Depreciation-Question.htm#721489</guid>
			</item>
			<item>
				<title><![CDATA[Hi Gina,
Thanks for the info.&#]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Depreciation-Question.htm</link>
				<description><![CDATA[Hi Gina,
Thanks for the info.&#160; I thought that you could only take the deduction up to $108,000 or up to the amount of profit you had for the tax year and if you didn`t have any profit then you could elect to carry the deduction over.&#160]]></description>
				<pubDate>Thu, 14 Feb 2008 19:22:54 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Depreciation-Question.htm#721488</guid>
			</item>
			<item>
				<title><![CDATA[&#167;179 is an acceptable depre]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Depreciation-Question.htm</link>
				<description><![CDATA[&#167;179 is an acceptable depreciation method that can be used in the year the asset is purchased only.&#160; Thus if you wish to make this election on an asset purchased in 2007, the election must be made with you 2007 tax return.
&#167;179 ]]></description>
				<pubDate>Thu, 14 Feb 2008 19:22:54 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Depreciation-Question.htm#721487</guid>
			</item>
			<item>
				<title><![CDATA[I think I know the answer to thi]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Depreciation-Question.htm</link>
				<description><![CDATA[I think I know the answer to this, but I`m hoping somebody has done this and can confirm it for me.&#160; We started business in 2007.&#160; We made a couple of purchases that we would normally depreciate, but they also qualify for the Sec. 179 deduction s[...]]]></description>
				<pubDate>Thu, 14 Feb 2008 19:22:54 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Depreciation-Question.htm#721486</guid>
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