We all like saving money whenever possible. Chances are, that is why you came to our website and why you clicked on this blog! Used robots offer manufacturers automated solutions to any industrial application that a new robot can automate. The only difference is that a used robot will do it for a fraction of the cost. The Section 179 deduction of the 2012 IRS Tax Code will further increase savings by allowing small to medium sized businesses to write off a portion of all new and used manufacturing equipment bought in 2012, including industrial robot arms.
It Works Like This…
The first $560,000 a company spends on new and used industrial equipment in 2012 is eligible for the Section 179 tax deduction. At the end of the year when taxes are being figured, $139,000 can be written off. As if that amount isn’t enough, a 50% bonus for first year depreciation, as well as the normal first year depreciation, can also be used in the deduction. Add these three total (first year write off amount, 50% bonus depreciation, and normal first year depreciation), multiply by your tax rate, and you have you total savings!
Tax write-offs and deductions are nice, but all companies who buy industrial equipment and industrial robots will have access to them. RobotWorx offers users further savings to our customers. Used industrial robot arms cost 40-50% less than new robots, furthering savings even more! RobotWorx puts every used robot through a 168-point reconditioning process, making it look and run like a new robot. Contact RobotWorx today to discuss how reconditioned robots can save you money. Call 740-251-4327 to get started! Learn more about the Section 179 deductions here.