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What is the difference between depreciating the property and expensing the property?

April 26, 2017depreciating expensing Property

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What is the difference between depreciating the property and expensing the property?

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Depreciating chattel allows you to lower your capital gains tax over a five-year period. However, if you expense your chattel, you only get a one time write-off for the year in which you purchased the item. So, during years two through five, you are potentially losing out on lowering your taxes.