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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.
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.
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TaxWander
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sunshine39
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Mcb050032
Level 2
Mcb050032
Level 2
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