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Level 1
March 27, 2026
Question

Farm Equipment

  • March 27, 2026
  • 1 reply
  • 39 views

if i buy a piece of farm equipment for $4,500 can i expense that or do i have to add it as an asset and depreciate it?

1 reply

Mike9241
Level 15
Level 15
March 27, 2026

Expert Reviewed

that's above the de minimis exception. capitalize and depreciate 

Mike9241