Maximize Your Money with Scale Purchase

During the final quarter of the calendar year, many businesses will look to reduce their annual tax bill to Uncle Sam.

We encourage you to check out the benefits of IRS Section 179. Section 179 allows customers to purchase or finance (lease to own) capital equipment up to $ 1,000,000, and be able to deduct the entire amount (dollar for dollar) from their Federal Income Taxes.

For businesses wanting to reduce their tax liability, this is a great tool that allows you to acquire capital equipment prior to year-end, as compared to waiting until calendar year 2020.

Here is an idea of what we’re talking about:

TAX ADVANTAGES
IRS Section 179 and Bonus Depreciation

The deduction limit for Section 179 is $1,000,000.

• This means that if you buy (or finance) a piece of equipment, you can deduct the Full Purchase Price (up to $1,000,000) from your gross income.


The 2019 Section 179 deduction threshold for total amount of equipment that can be purchased is $2,500,000.

• This means that you can purchase more equipment and still have the benefit of the Section 179 deduction.

 

BONUS DEPRECIATION:
100% for 2019 New and Used Equipment Allowed

• Under Modified Accelerated Cost Recovery System (MACRS) Bonus Depreciation has increased first-year depreciation deduction to 100% (vs. 50%) of the adjusted gross basis of qualified property.

• This goes into effect for assets placed in service after September 27, 2017 and before January 1, 2023.

• Another significant change under the new tax law, is you can use bonus depreciation for purchases of new or used property. Under prior law, you could only use bonus
depreciation for new property.

weigh-tronix truck scale lease program

Call us (919) 776-7737 or fill out the request a quote form on our website to take advantage of this program. 

*Credit & equipment restrictions apply. This program does not assume your company will qualify to take advantage of the IRS Section #179 depreciation schedule which allows rapid first year depreciation of certain assets acquired. The amount of previous
depreciation your company may have used may affect your ability to utilize the elections. Please consult your tax advisor or accountant for additional information. Equipment must be purchased and placed in service by 1/1/2023.

Consider iQUBE² as a Digital Truck Scale Solution

When most potential customers seek a vehicle scale that also performs diagnostics, they often think of truck scales that use digital load cells. Digital load cells require A/D cards to be placed in every load cell to obtain diagnostic information.

Rice Lake Weighing Systems’ iQUBE², however, conducts A/D conversion at the junction box rather than the load cell. This means you will receive intelligent diagnostics from new or existing scales that use analog load cells.

Both devices sum the signals from each load sensor to determine the weight of the entire vehicle on the scale. The output of each load cell is compared to establish diagnostic information including real-time status of potential component failures, weighing errors and overall system health.

The iQUBE² Advantage

While analog and digital devices perform the same function, iQUBE offers impressive benefits at a more affordable price. In addition to providing diagnostics for Return to Zero, Load Cell Balance, Noise/Instability and Drift, iQUBE²:

  • Is non-proprietary
  • Pairs with analog load cells, which are more cost efficient
  • Conducts A/D conversion at the junction box, protecting sensitive electronic components

Download and review “Upgrade to a Digital Truck Scale Using iQUBE²” to understand how the iQUBE² can operate like a digital truck scale. After you read the guide linked above, contact us for additional information or a quote.