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Old 03-12-2013, 01:04 PM
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ABCDEFG ABCDEFG is offline
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Default Depreciation

I just bought a blender. It was $399. However, after t/s%, it is under 100. Should I put it on schedule C or depreciate it?

Last edited by Michael; 03-12-2013 at 03:10 PM.
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Old 03-12-2013, 05:13 PM
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Default Blender

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Originally Posted by ABCDEFG View Post
I just bought a blender. It was $399. However, after t/s%, it is under 100. Should I put it on schedule C or depreciate it?
Depreciate it. Use the $100 rule based on what it cost, not what the time-space % amount is. If it's a new blender, use the 50% bonus depreciation rule.
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Old 03-13-2013, 07:01 AM
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Thank you!
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