Total 1st Years Depreciation Deduction:
Total of Section 179 Deduction, if applicable, 100% Bonus 1st Year Depreciation Deduction and Normal 1st Years Depreciation Deduction based on the equipment investment you entered.
This Potential Tax Savings Calculator is provided by CNH Capital for general reference only. Scenarios Based on 5 Year for CE Equipment (7 Year for AG Equipment) Useful Life MACRS Depreciation & Half Year Convention. If the mid-quarter convention applies, the normal first year's depreciation deduction amount shown may be reduced. Some states may not allow the additional deductions under the "Tax Relief/Job Creation Act of 2010".
*CNH Capital does not provide tax, legal or accounting advice. Customers are strongly encouraged to seek their own professional advice on the proper treatment of these transactions. |