For a small business, it is possible for the purchase price of an asset to be expensed rather than depreciated.

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For small businesses, there are certain rules that allow them to expense assets rather than depreciating them over time. The IRS has set a limit of $2,500 for expensing certain assets under the de minimis safe harbor rule. Additionally, small businesses may also be eligible for bonus depreciation or Section 179 expensing, which allows them to deduct the full purchase price of certain assets in the year they are placed in service.

For a Small Business, It Is Possible for the Purchase