For tax purposes,small businesses may expense the first $250,000 of equipment expenditures,rather than having to allocate their costs over a number of years.

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Quizplus · Accepted Answer

This is true and is referred to as the Section 179 deduction. It allows small businesses to immediately deduct the cost of qualifying equipment and property purchases, up to a certain limit, rather than having to depreciate the costs over multiple years.

For Tax Purposes,small Businesses May Expense the First $250,000 of Equipment