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Investors & landlords
Because of new de minimis safe harbor rules assets (used for more than a year to earn money in profit making activity) costing less than $2500, can be expensed instead of depreciated.
If you choose to depreciate the garage door opener, select Appliances, carpet, Furniture category and the software will use the 5 year class life.
‎June 4, 2019
1:20 PM