Originally Posted by
edferg
Turbo - did you say "production runs"? Can we assume you have, or will be starting a business?
If so, that changes your whole approach.
For example, last year I purchased a used OmniTurn CNC lathe for $8,000. I got to depreciate (write off) the full cost of the lathe that year on tax schedule 179. Lets say I'm in the 25% tax bracket - the lathe effectively cost me $6,000.
Now, lets say I purchased a manual lathe for $4,000 and spent $2,000 on parts plus 2 months converting it to CNC. The IRS won't let me deduct my time, so that machine would have cost me $4,500, for a savings of $1,500. But wait - I would not have nearly the quality of machine, and in the two months time I would have spent designing, ordering parts, converting to CNC & testing, I was able to produce parts and generate income. Much, much more than enough to make up for $1,500 in DIY savings.
If you have a business, do a financial evaluation as well as a technical evaluation. Even if you have to take a loan to get the machine you need, you are better off. The tax savings will pay for several months of payments. Your time is better spent making parts and generating income than modifying a machine. If the math proves otherwise then rethink your business plan.
Ed