Quintec moves to larger location Quintec has moved it's operations to a larger facility in New Berlin, Wisonsin. With more space, Quintec can continue it's growth in the Integration industry.     BUSINESS NEWS IRS Sets forth rule changes The IRS recently set forth some new depreciation news as a result of the economic stimulas package. The benefits are as follows; Assuming that most of your equipment is 5-year life for depreciation purposes, this means that most of your customers can deduct 20% of the cost in the first year (when using accelerated depreciation [MACRS]). Under the new rules, purchasers of non real estate assets purchased after September 10,2001 and before September 11, 2004 can depreciate 30% in the first year. Then, they can also depreciate the remaining basis under normal MACRS rules. If section 179 depreciation is available, that's an added bonus. The result is a large write-off in the first year. Here is an example: A $100,000 purchase of a 5-year MACRS asset may yield $57,440 of 2001 depreciation; $24,000 of sec. 179 immediate expense deduction $22,800 of new 30% immediate depreciation (($100,000 - $24,000) x 30%) $10,640 of regular MACRS depreciation (($100,000 - $24,000 - $22,800) x 20%) So in this case, your customer could depreciate nearly 60% of the asset in the first year. If section 179 is not available, your customer could depreciate $44,000 per $100,000.   Quintec Integration, Inc. - 295 Regency Court, Suite 201 Brookfield, WI 53045 Phone: 262-754-5900  Fax: 262-754-5907  email: jdeppoleto@quintecconveyor.com Copyright © 2006 Quintec Integration Inc. All rights reserved.