Added Section 179 Limits
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@@ -291,6 +291,17 @@
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and any leasehold-improvement life. Zones are managed in <strong>Admin → Application Configuration → Depreciation zones</strong>
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(create your own, set the allowance %, date window, and notes).
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</p>
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<p>
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A zone can instead (or also) carry an <strong>increased §179 limit</strong> — this is how
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<strong>Enterprise / Empowerment Zone</strong> property is handled. Set the zone’s <em>§179 limit increase</em>
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(e.g. +$35,000 for 2002–2020) and its <em>§179 cost factor</em> (e.g. 0.5, meaning only 50% of the property’s cost counts
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toward the investment-phaseout threshold). When such a zone is assigned to an asset placed in service within the window,
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the federal book’s §179 deduction may exceed the standard annual limit by that increase. The base annual §179 deduction
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limits and phaseout thresholds themselves are maintained in
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<strong>Admin → Application Configuration → Section 179 limits</strong>; the engine caps each asset’s §179 deduction at the
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applicable year’s limit (less any dollar-for-dollar phaseout). If no limit is configured for an asset’s placed-in-service
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year, the entered §179 amount is left uncapped.
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</p>
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<h3>The PM (maintenance) book</h3>
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<p>
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@@ -620,7 +631,7 @@
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<h2>Administration</h2>
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<p>
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<strong>Admin</strong> (admin role) is where the application is configured. It is split into three sub-screens in the
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navigation rail: <strong>Users & Teams</strong>, <strong>Application Configuration</strong> (application settings, asset classes, depreciation zones, asset ID templates, asset categories,
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navigation rail: <strong>Users & Teams</strong>, <strong>Application Configuration</strong> (application settings, asset classes, depreciation zones, Section 179 limits, asset ID templates, asset categories,
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asset departments, PM categories, parts categories, maintenance defaults, tax rule sets), and <strong>Integrations</strong> (email, webhook, ServiceNow, Workday). Each is described below.
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</p>
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