Submitted by dapperlemon t3_11nqty7 in gadgets
Meduvs t1_jbt98wt wrote
Reply to comment by VTCEngineers in Dell’s Latitude 7330 convinced me that business laptops are too expensive by dapperlemon
No it doesn’t. Depreciating means you spread out the expense over multiple years. For example instead of the expense being 1000 in year one, you will have 200 for 5 years. Total tax saved still 200 over this time period
VTCEngineers t1_jbta752 wrote
For a single purchase sure it doesn't make much of a difference.
however if say you have a $1000 tax liability, and having say 5 laptops that $200 x 5 now made you have $0 liability ( honestly the numbers really only make sense when we are talking 100s or thousands of machines).
Is how I have come to understand how it can help with taxes. but honestly no one single thing helps but many different types of deductions combined together.
Again not trying to argue, but get a better understanding.
Meduvs t1_jbtahsq wrote
It’s still the same, ofcourse if you need them it helps you lower your taxes. But if you are buying them just to write off the tax then you are spending more than you’re saving. As said, when you spend 1000 to save 200 on taxes you’re just losing 800. Unless as I said you need them, but that was not the point made.
VTCEngineers t1_jbtau7j wrote
Ah yeah ok i understand what the point is now, yeah doesn't make sense to buy 5 pcs if they aren't being used financially speaking.
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