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Should I expense or depreciate equipment costs?
I have purchased a printer and cutter for about $220 total for my small business. Are these something I can just add to expenses or do I need to capitalize and depreciate since they are equipment? Is there a certain dollar amount for an equipment to be required to be depreciated instead of expensed all at once? How will this affect the tax if I sell the equipment in future?
‎August 31, 2022
4:50 PM