Depreciation

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  • ABCDEFG
    Daycare.com Member
    • Feb 2013
    • 28

    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, 02:10 PM.
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Blender

    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.
    http://www.tomcopelandblog.com

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    • ABCDEFG
      Daycare.com Member
      • Feb 2013
      • 28

      #3
      Thank you!

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