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We purchased office equipment for a business less than a year old. Can we still 'claim' them as Depreciable Assets?
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Yes, you can claim office equipment as Depreciable Assets in your business. Office equipment can be depreciated over 7 years. The Tax Cuts and Jobs Act of 2017 allows Special Depreciation of 100% of the cost of new equipment put in service in 2020. TurboTax will allow you to choose how to depreciate your office equipment.
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