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Such a huge help everyone. Lots of great info to dig through here. I sincerely appreciate your help, patience, and guidance here!
 
In the US, if it is a business expense you should probably be planning for a max 5 year replacement cycle.

This is the depreciation lifetime defined by the IRS for computers. At that time you can sell for whatever and begin the cycle again.

If I understand it correctly you would not benefit from holding onto it for an extra two years.
 
In the US, if it is a business expense you should probably be planning for a max 5 year replacement cycle.

This is the depreciation lifetime defined by the IRS for computers. At that time you can sell for whatever and begin the cycle again.

If I understand it correctly you would not benefit from holding onto it for an extra two years.
True. However, I generally take all my depreciation in the first year of ownership. I pay off my purchases immediately, and so I prefer to get the full amount of depreciation in the first year. Either way, I plan for at least 5 years of use and hope for 7.
 
I pay off my purchases immediately,

As I usually do, but I financed my Studio on an Apple Card because:

1. 0% interest during the payoff period
2. Cash back for Apple Purchases

It is a way to get a discount on Apple Products.
 
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