CompuServe Messages

#PAR It's phenomenal

    24-Feb-94 22:33:10
Fm: Don Landis 71673,3612
To: John Ellis 72440,3046
Paul or John: >>18 months depreciation seems to be right all around. Can this be done legally? I was called on this during an IRS audit a few years ago. I thought software was 3 years and hardware was 5. I know this doesn't make sense with reality but does anything with the IRS depreciation rules? The only other way is to Sect. 179 expense the stuff until you reach your limit.