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A: Accu-copy accepts credit cards, cash, checks, money orders, and lease arrangements (described below). Lease arrangements are available thru Accu-Copy for those that qualify. These leases are available in Fair Market Value (FMV) and $1 Dollar Buy-out types. A FMV lease is a true lease. This means that at the end of the lease, you can purchase the equipment from the leasing company for the Fair Market Value of the equipment at the time the lease expires. A Dollar Buy-out lease means that at the end of the lease period, you pay the leasing company $1.00 US, and you will own the equipment leased. This option costs a little more than the FMV lease, but you actually own the equipment at the end of the lease.
About leasing.... Please Note: The information below is intended to explain the tax benefits of leasing. Please consult your tax professional to determine the best structure for your organization. Under IRS Section 179, equipment purchases, up to the amount shown below, can be expensed, (deducted from taxable income) if installed before December 3. Finance leases, ($1.00 buyout), qualify for this deduction in the year of their inception. Any excess above the expensed amount can be depreciated over 5 to 7 years depending on the equipment type. The maximum amount of asset cost that can be expensed by year is:
For example, if you purchase or lease a piece of equipment for $22,000 and install it in 2000, you are eligible to take a $20,000 tax deduction in 2000. The remaining $2,000 can be depreciated over the life of the asset.
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