For example, if I purchase a computer for $2,600, does the $2,500 amount get deducted in the first year and then the remaining $100 get depreciated over the next several years?
Also: does sales tax and shipping get included in the asset amount for this calculation?
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No. If the total cost of the asset (including sales tax and shipping) is over $2500, it does not qualify for the De Minimis Safe Harbor election. It would all need to be depreciated.
No. If the total cost of the asset (including sales tax and shipping) is over $2500, it does not qualify for the De Minimis Safe Harbor election. It would all need to be depreciated.
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