Musical equipment tax question

[PolkaHero]

I hope there's other professionals on this forum that can relate to my situation. Does the IRS treat musical equipment as depreciable assets? I plan on purchasing a Bergantino NV610 in the near future and I'm wondering if I can deduct any depreciation for this on my Schedule C for my Federal 1040. If so, can I treat this as a Section 179 asset and depreciate the entire amount for one tax year? If not, what year-class asset would this be, and what depreciation method is supposed to be used? I've check the Internal Revenue Code and can't really find anything specific to music equipment depreciation.

[PolkaHero]

No tax experts on this board?!

[jive1]

The tax stuff is usually in Band Management.

But, to answer your question, you can choose to depreciate it over 5 years or take the 179 accelerated depreciation. It is valued under $14,000 and doesn't fall into one of the exempt categories.

[Pacman]

I usually take the full depreciation right up front, rather than spread it out. That's because I know I'm going to buy something different next year.

[PolkaHero]

Thanks for the responses, guys!