Thanks for your help. What I understand is I can continue to depreciate 2016's fence/appliances and expense 2017's heater. Is this correct? If yes, where do I put the heater expense and what description do I put against it?
I looked at TurboTaxColeen's answer where she says both (expensing and depreciating) can be used for different assets. However, at one place she says, "For both elections each asset that you would normally depreciate over a number of years needs to be $2,500 or less. " What does this mean?
