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They don’t want to pony up $ for the prepaid labels I’m guessing? The laptops are sunk cost anyway and then there’s also the additional overhead of processing
by indigodaddy 4y ago
They don’t want to pony up $ for the prepaid labels I’m guessing? The laptops are sunk cost anyway and then there’s also the additional overhead of processing the returned laptops with their IT? Man things must be really bad if that’s the case..
- trynewideas 4y agoAre there tax implications? Do the laptops count as losses CircleCI can write off, and compensation the ex-employee has to report?
- prepend 4y agoLaptops aren’t typically amortized and are immediately written off and depreciated the year of purchase. So it’s probably not a tax write off but is a loss of whatever the laptops would get in bankruptcy liquidation.
- khuey 4y agoThis depends on the size of the company. It probably doesn't affect CircleCI but Section 179 deductions are limited to small and midsize companies.
- bink 4y agoProbably has to be treated as income by the employee as well.
- prepend 4y agoNot if it’s depreciated to zero value. It’s considered worthless for tax purposes.