Tag: MACRS Table
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How to Take Deductions on Every Major Asset by Capitalization
Depending on your business, you may need to make some large expenses and deduct asset costs. How are those treated as deductions? In this post, you’ll learn how to ‘capitalize’ a deduction. Capitalizing is the main way to deduct the value of an asset. For instance, take a $10,000 truck for your lumber company. The… Read more