For example, if I purchase a computer for $2,600, does the $2,500 amount get deducted in the first year and then the remaining $100 get depreciated over the next several years?
Also: does sales tax and shipping get included in the asset amount for this calculation?
No. If the total cost of the asset (including sales tax and shipping) is over $2500, it does not qualify for the De Minimis Safe Harbor election. It would all need to be depreciated.
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