Depreciation of Technology Assets in Small Business

Technology can be a valuable tool for small businesses. Technology helps them to perform tasks more quickly and efficient. By their nature technology assets can often become quickly outdated and need to be replaced more often than physical assets and for this reason depreciation for technology assets is usually quicker than for physical assets.  Immediate deduction For small businesses assets that cost less that $20,000 can be immediately and fully deducted in the first year if the business has a turnover of less than $2 million per year. [Read More]