Solved
Is there a reason I wouldn't want to take a 100% special depreciation allowance on a $500 laptop?
It's an item I plan on using until it no longer works, and it seems like such a small amount to depreciate over 5 years.
You do not need to depreciate a laptop costing $500.
In fact, with the de minimis safe harbor election, you can fully expense any item costing $2,500 or less.
Please read this IRS document for more information:
https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations
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