On 01/15/2010 12:08 PM, Lee Michaels wrote:
"Chris Friesen" wrote

Check the tax rules, but around here it would need to be pro-rated based
on amount of business vs personal use, and it would also need to be
depreciated over multiple years.

If it is bought for business use, it can be deducted directly under Section
179. That is in the USA. I don't know what is done elsewhere. Presently we
are allowed to deduct up to a little over $100,000 a year. If you do this,
you are not allowed to depreciate it.

Interesting. Up here in Canada capital costs (like buying equipment
over a certain dollar amount) have to be depreciated over a longer
period rather than written off directly.

As a financial stimulus there is currently an exception for computer
equipment though, but that's a temporary thing.

Chris