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I have some business expenses and regularly do a Schedule C to write off these expenses. It's usually several thousand dollars a year, and it has come to my attention that some of my business purchases might be eligible for claiming depreciation. My rather simple question is whether or not I can claim depreciation on something (say, a computer or a printer) if I originally wrote off the purchase price of the unit the year that I bought it? Isn't it an either/or situation, where I can either write off the original purchase or claim depreciation, but not both?
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