Depreciation

[TheGoodLife]

Do you depreciate based on the original cost, or the cost after T/S is applied? For example, if I buy a mower for almost $300, and my T/S cost is under $100, do I have to depreciate?

[TomCopeland]

depreciation

Do you depreciate based on the original cost, or the cost after T/S is applied? For example, if I buy a mower for almost $300, and my T/S cost is under $100, do I have to depreciate?

Depreciate based on the original cost.