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ABCDEFG 01:04 PM 03-12-2013
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?
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TomCopeland 05:13 PM 03-12-2013
Originally Posted by ABCDEFG:
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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ABCDEFG 07:01 AM 03-13-2013
Thank you!
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Tags:depreciate, schedule c
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