I need to know the general rule of thumbs for depreciable improvements pertaining to equipment. I read the helps, but I am still lost.
I replaced tires on a truck? They are going to go for more than one year, but all of the cost will be spread out over one year if you don't put it in the depreciable improvements. This is where I start getting lost. Where do you draw the line?
Tires, hydraulic pump, hydralic hoses, new seals and bearings?