History of Horizontal Directional Drilling


History Of Horizontal Directional Drilling

Horizontal directional drilling (HDD) is commonplace these days. It’s rare to drive across a city without seeing at least one HDD crew working alongside the road. And it’s easy to see why. Installing utilities such as sewer, water, power, gas, and telecommunications using HDD equipment provides benefits to both the general public and the companies utilizing the technology. This type of underground construction not only minimizes traffic disruption and surface damage, it offers quicker installation at a lower cost than older methods.

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USED HDD TOOLING - WHAT TO KNOW


New HDD tooling can get expensive.  For this reason, many will search to find used tooling that will work for their drill rig and the bore they need to complete.

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INCREASE YOUR BOTTOM LINE - Section 179 Deduction (2018)

Now may be the time for your company to purchase that directional drill you've been eyeing up and take advantage of the adjusted Section 179 deduction benefits included in the PATH Act.

Section 179

The Section 179 deduction limit for 2018 is $1,000,000 on equipment both purchased and financed in 2018.  This means your company can deduct the full cost of qualifying new or used equipment from your 2018 taxes, up to $1,000,000.  Phase out for the deduction starts at $2,500,000 for total equipment purchases and is on a dollar-for-dollar basis.  To take advantage of the Section 179 limits for 2018 the equipment must be purchased and put into service by December 31, 2018.  Bonus Depreciation is also 100% for 2018, this is generally taken after the Section 179 Spending Cap is reached.  As opposed to years past, when it only applied to new equipment, Bonus Depreciation now applies to USED equipment as well.  

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