-- An increase nearly double the original 2008 limit per asset from
$128,000 to $250,000.
-- An increase of the overall investment limit to $800,000.
-- An increase for qualified Enterprise Zone property to $285,000.
-- An increase for qualified Go Zone property to $350,000.
IRC Section 168(k) - Fifty percent bonus depreciation for qualified
property placed in service in 2008:
-- Fifty percent bonus depreciation allows expensing on most types of
property with a recovery period of 20 years or less, such as machinery,
equipment, computers, furniture, fixtures and certain software.
"By quickly integrating the tools our customers need to take full advantage
of provisions within the Economic Stimulus Act, Sage Software has once
again demonstrated our commitment to our customers and the success of their
businesses," said Chris Donie, senior vice president and general manager of
Sage FAS.
Easy to install, customize and use, Sage FAS solutions are comprehensive,
seamlessly integrated fixed asset management programs with versions suited
for businesses of any size. Whether managing 10 assets or a system
requiring the power of a Microsoft® SQL Server® infrastructure, Sage
FAS saves time and improves data accuracy by organizing fixed assets in an
easy-to-view format and performing complex depreciation calculations
quickly and easily.
About Sage Software
Sage Software supports the needs, challenges and dreams of nearly 2.8
million small and medium-sized business customers in North America through
easy-to-use, scalable and customizable software and services. Our products
support accounting, operations, customer relationship management, human
resources, time tracking, merchant services and the specialized needs of
the construction, distribution, healthcare, manufacturing, nonprofit and
real estate industries. Sage Software is a subsidiary of The Sage Group
plc, a leading global supplier of business management software and services
to small and medium-sized businesses. Formed in 1981, Sage was floated on
the London Stock Exchange in 1989. Sage Group now has 5.5 million customers
and employs over 13,900 people worldwide. For more information, please
visit the web site at www.sagesoftware.com or call (866) 308-2378.
© 2008 Sage Software. All rights reserved. The Sage Software logo and the
Sage Software product and service names mentioned herein are registered
trademarks or trademarks of Sage Software or its affiliated entities.
Contact Information: Media Contact: Stephen Moore Sage Software (949) 790-2040 stephen.moore@sage.com