First GPS III Satellite Launched Successfully
12 Mar 2019On December 23, 2018, the first GPS III satellite, aboard a Falcon 9, launched into space from Cape Canaveral Air Force Station in Florida. Once launched the satellite will undergo 18 months of testing to make sure it is ready to be the first of many satellites to be integrated to the existing GPS system orbiting the planet.
The launch itself was a spectacular event ushering in a new generation of GPS technology designed to offer greater security from jamming and interference along with improvements in accuracy and signal strength.
Current estimates are that the civilian use of GPS III satellites will provide three times greater accuracy with the new satellite system. That means that civilian GPS accuracy that has traditionally been good between 10 and 33 feet will now provide accuracy between three and 10 feet instead. The accuracy for military applications will be even more precise.
As parents you understand the incredible amount of freedom and responsibility driving brings teens. You also understand having been a teen in today’s world and the risks it brings to the table as well. GPS tracking for teens allows you the technology to monitor teenager driving.
You may take comfort in knowing that you would not be alone in your decision to use GPS tracking with your teen, should you choose to do so. The New York Times reports that 16 percent of parents of teens between the age of 13 and 17 use location tracking for their teens.
But, how do you tell your teen you are monitoring their driving in a way that doesn’t drive a wedge between you?
According to the Tax Cuts and Jobs Act (H.R. 1) the deduction limit for Section 179 has increased from $510,000 in 2017 to $1,000,000 for 2019 and beyond. While that represents a substantial increase, the limit on equipment purchases remains steady at $2.5 million.
What is Section 179?
Section 179 refers to the tax deduction specific to business depreciation according to IRS Code Section 179, which allows businesses to reduce the taxes owed substantially in the years in which businesses purchase new equipment and assets.
You can read more about the new rules and limitations concerning depreciation and expensing in the new IRS “Fact Sheet.”
The 100 percent bonus depreciation is a temporary measure allowing for the expensing of certain business assets. Though some properties are ineligible for the bonus depreciation, including properties used for furnishing, trading or selling of the following:
- Electrical energy.
- Water or sewage disposal services.
- Gas or steam through local distribution systems.
- Transportation of gas or steam via pipelines.
