- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How should you report payments on a business asset that you've already appreciated?
I purchased a laptop 2 years ago and reported the full purchase amount on my taxes and it was put in a depreciation schedule as an asset. But I paid for it on a store-specific credit card and have been making payments for 2 years. Do I report those payments as a business expense?
Topics:
March 15, 2021
9:09 PM