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sudbury4
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Bought two lenses (3K) in 2017 after started photo business. Can I expense them or have to depreciate them? They are not start up costs. Would prefer to expense them.

 
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Bought two lenses (3K) in 2017 after started photo business. Can I expense them or have to depreciate them? They are not start up costs. Would prefer to expense them.

You can do either one, just not both.  It is your choice.

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2 Replies

Bought two lenses (3K) in 2017 after started photo business. Can I expense them or have to depreciate them? They are not start up costs. Would prefer to expense them.

You can do either one, just not both.  It is your choice.

sudbury4
New Member

Bought two lenses (3K) in 2017 after started photo business. Can I expense them or have to depreciate them? They are not start up costs. Would prefer to expense them.

Thanks much for this response and the other.
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