Comment by ncruces Comment by ncruces 8 days ago 2 replies Copy Link View on Hacker News If a software project fails can we claim depreciation, like after a car crash?
Copy Link tossandthrow 7 days ago Collapse Comment - Well, until now you automatically had depreciation.In the future you will still get it automatically, just deferred. Reply View | 1 reply Copy Link ncruces 7 days ago Parent Collapse Comment - You have the same, automatic deferral, with cars.But if you're in a crash, and it's a total loss, you can depreciate faster, which is helpful because you might need to buy a new one.So, since they're assets, can we write off software projects that fail? Reply View | 0 replies
Copy Link ncruces 7 days ago Parent Collapse Comment - You have the same, automatic deferral, with cars.But if you're in a crash, and it's a total loss, you can depreciate faster, which is helpful because you might need to buy a new one.So, since they're assets, can we write off software projects that fail? Reply View | 0 replies
Well, until now you automatically had depreciation.
In the future you will still get it automatically, just deferred.