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Can I deduct a down payment of $600 on a depreciable asset as an expense if the rest was paid in 2018?

 
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Can I deduct a down payment of $600 on a depreciable asset as an expense if the rest was paid in 2018?

If you are depreciating the asset, you can start the depreciation when it is "placed in service" (ready and available for business use), regardless of when it was paid for.

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Can I deduct a down payment of $600 on a depreciable asset as an expense if the rest was paid in 2018?

If you are depreciating the asset, you can start the depreciation when it is "placed in service" (ready and available for business use), regardless of when it was paid for.

Can I deduct a down payment of $600 on a depreciable asset as an expense if the rest was paid in 2018?

Thank you! This is very helpful.
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