@VolvoGirl @Anonymous_
Thank you for you thoughtful input. I was suspicious about it and that's why I asked here. In TT interview it was not clear what could be asset as they don't specify items listed as business expense can't be used as business asset.
In general under which situations one want to deduct an item (lets say I bought a computer this year) as business expense vs list as asset and depreciate it over years?
I am assuming Bonus depreciation like section 179 only apply If I want to list it as business asset VS listing an item as business expense?
If I am in high tax bracket this year (I can't predict next years income) so it is more tax advantage to take it as business expense this year and done with it because of higher tax savings?
Thanks again.
