Assertion: asset's cost | /r/HasProperty | 2,500 per item
Facets:
Source sentences:
text: Under an IRS-created de minimis rule, instead of using depreciation for small-business deductions, you can elect to deduct the cost of tangible personal property up to $2,500 per item ($500 prior to 2016) or invoice (there's a $5,000 limit for companies with audited financial statements).