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Deductions & credits
You do not need to depreciate a laptop costing $500.
In fact, with the de minimis safe harbor election, you can fully expense any item costing $2,500 or less.
Please read this IRS document for more information:
https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations
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‎June 3, 2019
1:47 PM