Just a quick question:
So the new rule for assets in 2015 is that if they are under $2500 you can write them off directly and don't have to depreciate them. I have some things I bought before 2015 that I definitely use for the daycare (namely a computer, Xbox one, dishwasher and a TV). Can I just write them off (T/S%) or do I have to depreciate since they were bought before 2015?
Thanks
So the new rule for assets in 2015 is that if they are under $2500 you can write them off directly and don't have to depreciate them. I have some things I bought before 2015 that I definitely use for the daycare (namely a computer, Xbox one, dishwasher and a TV). Can I just write them off (T/S%) or do I have to depreciate since they were bought before 2015?
Thanks
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