1. You bought it for business, so it is an expense but it must meet the business-use requirement below.
2. You bought the laptop with the intention of using it and growing your business so as long as you use it more for business than personal, you are fine- just pro-rate it.
3. You can only elect the write off in the year of purchase and it must have been put into use. See Electing the 179 deduction.
4. You found the catch. If it is truly a business laptop and switches to partial personal use, then there could be a need for recapture of depreciation. A computer is a 5 year property.
Pub 946 has more information and states:
Business-use requirement. If the property is not used predominantly (more than 50%) for qualified business use, you cannot claim the section 179 deduction or a special depreciation allowance. In addition, you must figure any depreciation deduction under the Modified Accelerated Cost Recovery System (MACRS) using the straight line method over the ADS recovery period. You may also have to recapture (include in income) any excess depreciation claimed in previous years. A similar inclusion amount applies to certain leased property.
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