Sage Software has updated its Sage FAS software with a service update to reflect the economic stimulus package recently enacted by Congress.

Sage FAS Fixed Asset Economic Stimulus Service Update 2008.1.1 takes advantage of the tax benefits and depreciation provisions of the new law to encourage purchases of assets such as new equipment. For qualified assets placed in service beginning in 2008, the law allows a business to expense up to $250,000 of Section 179 property. It also provides 50 percent bonus depreciation on qualified property placed in service in 2008 with a recovery period of 20 years or less.

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