> You would also then have a $1500 asset that you could sell at a later date. Wh... | Hacker News

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		blaser-waffle on April 13, 2020 \| parent \| context \| favorite \| on: Ask HN: Freelancer Rates in the US > You would also then have a $1500 asset that you could sell at a later date. When you're an employee you don't have that option. Maybe if you turned around and resold the system immediately. But I'm not gonna pay 1500 bucks for your 4 year old 133t machine that you spilled coffee and sneezed on.

vitaflo on April 13, 2020 [–]

Of course. That’s why depreciation and MACRS exists. The point is it’s not a $1500 sunk cost. You get a multi year deduction and an asset in return. How you handle that asset is up to you.

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