IRS provides guidance on whether expenses can be deducted instead of depreciated

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Oct. 21, 2013

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Businesses typically have a policy of expensing (that is, currently deducting instead of depreciating) items that cost less than a threshold amount. It’s simply not worth the trouble of depreciating low-cost items over many years. The amount businesses establish as ...

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