Depreciation

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  • S.I.S.

    #1

    Depreciation

    MY CLIENT WANTS TO DEPRECIATE small HAND TOOLS. I ONLY DEPRECIATE BIG ITEMS. IS THIS OKAY TO DEPRECIATE HIS small TOOLS IN HIS TOOL BOX? I USE SMALL HAND TOOLS ON SCH C AS OTHER EXPENSES.
  • OldJack
    Banned
    • Dec 2005
    • 1689

    #2
    Technically they should be depreciated but most tax preparers simply deduct them as other expenses.

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    • Ken
      Senior Member
      • Jul 2005
      • 180

      #3
      depreciation

      I would take a 179 depreciation on them.
      ken

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