Monthly Archives:
Purchase Equipment in 2020 Using Your Section 179 Tax Benefit
Section 179 Allowance: Any new or used equipment purchased in 2020 can be deducted in full (up to a total of $1,040,000) in year 1 if the total amount of applicable assets purchased does not exceed $2,590,000. Once the $2,590,000 (cost) threshold is surpassed, the Section 179 allowable deduction ($1,040,000) will begin to be phased out and will be phased out at $3,630,000 (cost) of current year additions. The increased allowance applies to units contracted for and put into service through December 31, 2020. The balance of equipment investment above $2,590,000 is eligible for Standard MACRS depreciation. Bonus Depreciation: The applicable bonus depreciation percentage will now be 100% […]
How Clean is Your Generator’s Fuel?
Diesel fuel maintenance is an important component to consider as part of your generator’s routine preventative maintenance. Water, dirt, and algae impurities build up in diesel holding tanks in as little as 6 months and could cause a start-up malfunction when your generator is needed most. There are clear indications to check for to determine when it is time to have diesel fuel polishing performed: What to look for in your generator’s fuel Fuel is dark in color A muddy mass built up An abnormal odor A dirty fuel system Mysterious contamination What to take notice in your engine Clouded exhaust Corroded injectors Clogged fuel lines Clogged filters […]
