However we sometimes don't make a lot of profit and may want to stretch the item over the 7 year period. All equipment is new if using your it's new to you. I thought the 7 year was for purchased equipment that is used when purchased. I'm not sure depreciating quicker is always the best choice and TT should certainly allow for this which I think in the past they did. I remember being asked if equipment was used or new. We should have the option.
