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How much does equipment have to cost to cause it to be capitalized and depreciated over time?
My business is selling my photographs. If I buy a lens or camera or computer (for editing), how much does it have to cost to become an item that has to be depreciated? Over how many years? For instance, I bought a lens for $2000. Is it a business expenses or capital expense?
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‎June 4, 2019
7:36 PM