In our desire to partner with you in further developing your business, we offer several options for your business. We are proud to help you find the best financing solution for your business. Please contact the sales engineer for your territory or our office if you need assistance or have any questions. The application is available for your convenience. You can send it directly to info@Precison-Tec.com to begin this process immediately.

 

Credit Application (Adobe PDF)

TAX INFORMATION:

Standard Depreciation
Additionally, companies can take their standard depreciation deductions on the adjusted basis of qualified equipment. Machine tools and fabricating equipment are typically depreciated over 7 years.

Cost of Equipment: $500,000
Section 179 Deduction: $250,000
50% Bonus Depreciation: $125,000
Regular First Year Depreciation Deduction: $17,862.50
Total First Year Deduction: $392,862.50
Cash Savings on your Equipment Purchase: $37,501.88
(Assuming a 35% Tax Bracket)
Lowered Cost of Equipment after Tax Savings: $362,498.13