105 is correct. you must enter the prior depreciation taken and the proper date in service for the computation to be correct.
date acquired xx/xx/2023
date in service xx/yy/2023. xx must be 10 11 or 12
prior depreciation 47 for regular and AMT
(310-47) = 263* 40% = 105.2 rounded to 105
by the way with such a small amount you could have taken it as a deduction in 2023 rather than capitalizing and depreciating.
expensing policy - De Minimus Safe Harbor
allows expensing single items costing $2500 or less but must include the de minimum safe harbor election
the election is included
for the future
it sort of hidden in Turbotax it's under the asset section
then it asks did you buy anything that costs $2,500 or less answer is yes if that's the case
on the next page you have to answer the question about consistency - you can start a new policy of expensing items costing $2500 or less. this policy must be followed in future years. it's up to you.
