Examlex
The primary purpose of the DSM is to:
New Equipment
Newly purchased or manufactured tools, machinery, or other apparatus intended for use in various industries or businesses.
Cost Recovery Deduction
A tax deduction that allows taxpayers to recover the cost of property or assets over time through depreciation or amortization.
§179 Expense
A section of the U.S. tax code that allows businesses to deduct the full purchase price of qualifying equipment and/or software within a tax year.
Machinery
Mechanical devices or equipment designed to perform a specific task in industrial, commercial, or agricultural applications.
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