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.
    Tags: None
    • 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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