Navigation Links
Economic Stimulus Act Can Improve Medical Equipment Purchasing Power
Date:7/9/2008

DRE, Inc., a premier international surgical and medical equipment supplier, reminds its customers that as much as $250,000 in medical equipment can be immediately deducted on 2008 income tax filings.

Louisville, KY (PRWEB) July 9, 2008 -- The Economic Stimulus Act of 2008, in accordance with Tax Code Section 179, can strengthen buying power of new medical equipment bought in 2008. This could make 2008 an attractive year for medical facilities to purchase medical equipment, according to Tim Jarm, Chief Operating Officer of DRE, Inc.

"For the 2008 income tax filing, a medical facility can utilize Section 179 to deduct the full purchase price of as much as $250,000 in medical equipment from their taxable income," says Jarm. "This is almost twice the amount that could be deducted the previous year, and potentially makes 2008 an ideal year to invest in new equipment."

In addition to having an increased deductable limit, Section 179 can also allow medical facilities to take advantage of a one time 50% depreciation bonus on equipment purchases beyond the deductible limit. Many medical facilities that purchase new equipment from DRE may be able to take advantage of Section 179 expensing. Equipment sold by DRE that could be eligible for Section 179 deductions includes anesthesia machines such as the DRE Integra AV-S, operating room lights such as the DRE Maxx Luxx II, and vital signs monitors such as the DRE Waveline Plus.

DRE acknowledges that filing for Section 179 deductions requires planning. DRE does not endorse any tax filing method and recommends that medical facilities consult a financial adviser to confirm that filing for Section 179 deductions is appropriate.

Overview of Section 179
Section 179 can allow medical facilities to deduct from taxable income the total cost of medical equipment -- such as operating tables, monitors and defibrillators -- purchased and put into service this year. In 2008, with increases created by the Economic Stimulus Act, medical facilities can deduct the full purchase price of up to $250,000 in medical equipment, almost double the deductible amount allowed in 2007.

Medical purchases beyond the deductible limit may also be depreciated. Medical facilities that purchase equipment in 2008 may be able to depreciate 50% of costs for the first year of the equipment's use.
Limits apply to Section 179. Medical facilities interested in taking advantage of Section 179 should consult a financial advisor for further details.

About DRE Inc.:
DRE is a premier medical and surgical equipment supplier that provides a combination of new and professionally refurbished or used medical equipment to industry professionals around the globe. DRE offers value to doctors by providing the features and reliability they need while still fitting within their budget.

###


'/>"/>
Source: PRWeb
Copyright©2008 Vocus, Inc.
All rights reserved

Related medicine news :

1. Neusoft Becomes First Global Growth Company Partner of World Economic Forum
2. McKesson Corporation CEO to Address the Detroit Economic Club on Preserving Our Healthcare System and Improving Quality of Life
3. Research!America Honors Univ. of Chicago Economists for Study Showing Economic Impact of HIV/AIDS Drug Development
4. AHRQ Expands Therapeutics Education and Research Centers and Adds New Topics: Health IT, Economics, Formularies
5. MedImmune presents new pharmaco-economic data at AAP regarding infants at high risk for RSV
6. Economic motivation may affect how often some physicians order imaging studies
7. BioElectronics Corporation Receives 2007 Economic Development Innovator of the Year Award
8. Through-Wave Ultrasound: Effective, Economical and Ideal for Breast Imaging, Biopsy
9. MedPAC Again Fails to Evaluate Overall Economic Conditions in Assessing SNF Funding Requirements
10. Skatepark injuries can incur economic pain
11. AARP Calls New EEOC Policy A Civil Rights and Economic Fiasco
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/31/2016)... York, New York (PRWEB) , ... May 31, 2016 , ... ... effects research to provide the best accessories to avoid excessive Smartphone radiation implicated in ... of the study released on the bioRxiv preprint server on May 26th ...
(Date:5/31/2016)... Barbara, CA (PRWEB) , ... May 31, 2016 , ... Throughout the day, adults often ... for sustained motivation and awareness, but what they could be reaching for instead is a ... tea plants that are grown in Japan. This sacred tea is harvested from early June ...
(Date:5/31/2016)... ... May 31, 2016 , ... St. Joseph Medical Center ... information exchange, which enables physicians at SJMC’s two hospital campuses, downtown and in ... organizations in the exchange. SJMC’s membership in the health information exchange underscores the ...
(Date:5/31/2016)... , ... May 31, 2016 , ... DDL, Inc. announced ... Association for Laboratory Accreditation (A2LA) to include ISO 594-1 and ISO 594-2 testing for ... of achieving a leak-free connection between two medical devices (e.g. a syringe and hypodermic ...
(Date:5/31/2016)... (PRWEB) , ... May 31, 2016 , ... The successful ... model in their laboratories as well. However, laboratories have different challenges compared to manufacturing ... of lean operations in the lab, METTLER TOLEDO has developed the Lean Lab ...
Breaking Medicine News(10 mins):
(Date:5/31/2016)... The global dental bone graft ... CAGR of 10.6% within a forecast period from 2014 ... in 2013. Owing to favorable factors at play in ... by the end of this forecast period, i.e. 2020. ... representation in a research report published by Transparency Market ...
(Date:5/31/2016)... , May 31, 2016 ... and Annotate Content From Elsevier,s ScienceDirect Database ... scientific, technical and medical information products and services, ... Berlin -based scientific collaboration platform PaperHive to enable ... over 12 million articles on ScienceDirect , ...
(Date:5/31/2016)... May 31, 2016 , Isansys  Lifecare, ... its Patient Status Engine wireless patient monitoring platform, as it ... Germany , Scotland and ... 2 nd generation system, launched earlier this year, is now ... , , This new technology significantly enhances ...
Breaking Medicine Technology: