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Deductions & credits
If the item costs less than $200 you should simply expense it. If you are unsure whether to depreciate a cost or to expense it right away, consider the benefit to your company.
For example, a vehicle or a machine may provide a longstanding benefit to your company beyond a few years. In this case you would probably choose to depreciate it.
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‎February 15, 2021
7:01 AM