AnnetteB6
Expert Alumni

Business & farm

Same answer.  The laptop can either be a startup cost or an Asset for depreciation, but it cannot be claimed as both types of expense.  

 

Startup costs are typically all lumped together and amortized over a number of months.  If the cost of the laptop is included as part of the startup costs, then it has been claimed already.  You would not enter it on its own as an Asset of the business that will be depreciated.

 

@jlvas 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"