Thank you for such a detailed and quick response!
If I may seek further clarity, let's say the December capital expense is $20,000, but it doesn't arrive until mid January, and the business does not have any "activity" or "work performed" whatsoever until 2024. Would this still make the business qualify as "active" in 2023? And if so, would that mean it would have a Net Operating Loss in 2023, and that the capital needs to be depreciated over 15 years starting in 2024?
Also, if the business only lasted 3-5 years, would there be any way to ever fully deduct the cost of that asset, since it wouldn't reach 15 years of maturity?
