Yes, you can use the DeMinimis Safe Harbor for items under $2,500 and for the rest of your assets you can use Section 179 if they qualify.
- Note: Effective for taxable years beginning on or after Jan. 1, 2016, the Internal Revenue Service in Notice 2015-82PDF increased the de minimis safe harbor threshold from $500 to $2500 per invoice or item for taxpayers without applicable financial statements.
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