Assets that Can and Cannot Be Depreciated
If the software meets the tests above, it may also qualify for the section 179 deduction and the special depreciation allowance, discussed later in chapters 2 and 3. If you … Read more
Bookkeeping
Topic no 704, Depreciation Internal Revenue Service
If the videocassette has a useful life of 1 year or less, you can currently deduct the cost as a business expense. You bought a home and used it as … Read more