Approx laptop capital cost deduction for a sole proprietor?
I just had a question, so i'm self employed/contractor with a european and I was curious what the approximate amount I would get for deductions? From my readings i assume i would get 55% of the total cost and that would be amortized over 2 years?
Using a concrete example:
new macbook pro = $3,671
class 50 = 55%
so total claimable capital cost is 0.55 * 3,671 = 2,019
divide that by 2 years = 1,009?
Are there any other factors i should consider (how does depreciation factor in)? Also, this would be my work laptop as I already have a personal laptop for use.