Repair Regulations: Limiting Business Deductions
Women in Consulting
FEBRUARY 20, 2014
By: Renee Daggett In September 2013, the IRS released new rules regarding expensing repairs/supplies and depreciating assets. into office supplies, these items must now be put on the balance sheet and depreciated and tracked. Any purchase of non-consumable items over $200 must be separately tracked and depreciated.
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