Chevy writedown sale1/6/2024 ![]() Tax Code 179, the special deduction to write off equipment in the year purchased, was extended permanently in 2015 legislation. This guide encompasses qualifying vehicles purchased in the 2021 calendar year. Self-Employed and Business Owners: 2021 Tax Code 179 and Bonus Depreciation Informationīelow is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. ![]() They will help you figure out how to get the eligible vehicle you want by the end of the year, or worst case, have a VIN so you can complete the paperwork by December 31, 2021. I encourage you to reach out to one of our Certified Car Pros at a Car Pro Approved dealership NOW. It is different this year with the microchip shortages and you won’t be able to run in and grab a vehicle. ![]() Many of you wait until the last minute to make your purchase. Don’t Miss: 7 Summer Films Poised for Big Box Office Results.IMPORTANT MESSAGE TO ALL CAR PRO SHOW LISTENERS FROM JERRY REYNOLDS THE CAR PRO:įriends, we’ve been publishing the latest rules and eligible vehicles list for Tax Code 179 for over a decade. Since its opening on July 17, Turbo has offically generated an estimated $31.2 million at domestic theaters, while analysts initially estimated the film to hit $40 million by this point. The film suffered a $87 million writedown after a similarly disappointing $23.8 million opening however, this summer, DreamWorks Animation’s partnership with 21st Century Fox Inc. (NASDAQ :FOXA) could help save Turbo from the same trouble.Īfter ending its pact with Viacom Inc. (NYSE :VIA), DreamWorks signed with Fox in August to allow the studio to “keep rights with domestic television revenue and lower digital distribution costs.” This partnership could then help the animated snail’s film avoid another writedown on the scale of Guardians, but still, only time will tell. Marsh’s writedown still comes at a less than optimistic time for the Glendale, Calfornia-based film studio which has already had to sustain a similar major writedown for its last big release, Rise of the Guardians in November 2012. In addition, a crowded summer theater weekend could also be to blame for Turbo‘s less than stellar U.S. The film won an “A” rating from CinemaScore, and the spread of positive reviews is also easier now thanks to the various streams of social media. Turbo‘s sales only totaled $21.5 million this past weekend however, positive reviews and high movie ratings from audiences could bolster future success, as well as pave the way for better figures for the movie’s debut in Europe, Korea, and China. This pessimistic forecast led shares of the independent film studio to fall 4.5 percent to $23.77 Monday at the close in New York, after already sustaining a 6 percent fall earlier in July after other analysts lowered their expectations for the film’s debut. James Marsh, a Piper Jaffray analyst in New York, initially estimated a $140 million total domestic take for Turbo, but now he thinks the film will be lucky to reach $100 million in U.S. ![]() CLICK HERE for your Weekly Stock Cheat Sheets NOW!įollowing a disappointing opening at the box office, DreamWorks’s new movie Turbo suffered turbulent forecasts from analysts - especially one who, according to Bloomberg, predicted a writedown of as much as $50 million for the film. Save Time Make Money! A new stock idea each week for less than the cost of a trade. While it once looked like the partnership between DreamWorks Animation SKG Inc (NASDAQ :DWA) and General Motors (NYSE :GM) could drive an animated snail and his Chevy Camaro to a box office boom, analyst predictions and discouraging sales reports have since squashed that dream.
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