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posted Mar 15, 2025 11:12:03 AM

If I purchased servers for a business, do I need to list every item that was associated with the installation? Or can I say "servers and associated equipment"?

Each item is individually under $2500, but together they total $10,000. Also, there are over 80 items...so hoping this can be consolidated as "servers and associated equipment for installation".

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1 Replies
Expert Alumni
Mar 15, 2025 1:20:06 PM

Since everything that was purchased is needed to make the system work, you can group them together as a single Asset for depreciation if that makes sense for your business.  

 

Just keep records showing what was grouped together.  Down the road you might not remember the details if asked.