BUSINESS ASSETS

If you purchased machinery, equipments, computers or
other assets used in your business, then we need  to
report these on a special form.  For most taxpayers,
you are able to deduct the FULL cost of these assets
in the year placed in service.  Occasionally, in the
case of a new business, it may be  advisable  to not
take a current deduction, but to depreciate the cost
over the their useful lives.