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I have a bunch of camera equipment that I don't know if it's an asset or an expense. I'm happy to write off the full amount this year. What should I do?
I have a camera worth more than 2500. And lenses and other equipments worth less than 2500. Should they all be assets? I wouldn't mind getting the most money this year (as opposed to slow depreciation) as I'm always investing more on equipment. Where should deduct these items? All in Assets or expenses?
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‎June 5, 2019
3:07 PM