Created
July 29, 2009 07:10
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section_179 = case 1) equip_cost if equip_cost < 250,000 | |
case 2) 250,000 if equip_cost > 250,000 and equip_cost >= 800,000 | |
case 3) 250,000 - (equip_cost - 800,000) if equip_cost > 800,000 and equip_cost < 1050,000 | |
case 4) 0 if equip_cost >= 1050,000 | |
bonus_50%_depreciation = (equip_cost - section_179) * 0.5 | |
regular_depreciation = (equip_cost - section_179 - bonus_50%_depreciation) * 1/7 | |
total_first_year_depreciation = section_179 + bonus_50%_depreciation + regular_depreciation | |
tax_saving = total_first_year_depreciation * tax_bracket | |
lowered_cost_of_equipment_after_savings = equip_cost - tax_saving |
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