Elective Expensing
By: Martin M. Shenkman, CPA, MBA, JD
The cost of furniture and equipment must be written off over seven years using the 200 percent declining- balance method of depreciation. If certain requirements are met, however, you may be able to write off up to $17,500 of certain furniture and equipment (personal property) immediately.
Our Consumer Webcasts and Blogs
Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.
Ad Space