How to calculate depreciation for computers as per IRS?
One of my clients recently purchased computers for $ 5200 and he is estimating the useful life of computers for 5 years.
I have calculated and recorded an accounting depreciation for him for the first quarter by dividing the cost by 20 assuming no scrap value.
Now he asked me should he report the same to IRS or should IRS treat it in a different way.
I know there is a difference between an accounting and tax depreciation so I want to know what would be the impact or adjustment he needs to do for the IRS in case of computers he recently purchased.
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