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Depreciation expenses: taxes Do you depreciate payment for…

Depreciation expenses: taxes Do you depreciate...
Depreciation expenses: taxes
Do you depreciate payment for website designed? the amount is $4000. if so, how many year do you depreciate?
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Answered in 3 minutes by:
5/27/2017
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
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Experience: 15years with H & R Block. Divisional leader, Instructor
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The web designs costs would be amortized (like depreciation).

You must generally amortize over 15 years the capitalized costs of "section 197 intangibles" you acquired after August 10, 1993. You must amortize these costs if you hold the section 197 intangibles in connection with your trade or business or in an activity engaged in for the production of income.

Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 18,196
Experience: 15years with H & R Block. Divisional leader, Instructor
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Customer reply replied 1 year ago
thank you

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