Science fiction as a literary genre has come a long way from Verne's search for the center of the earth and Wells' travel through time in his time machine. Contemporary science fiction is more willing to challenge the limits of possibilities and more eager to push the boundaries of human imagination. More importantly, science fiction often acts as a precursor to scientific thought, and forebodes new research; projects such as Google Glass can be traced to similar ideas presented much earlier in…
If you use part of your home as an office, you may be able to deduct depreciation on that part based on its business use. For information about depreciating your home office, see Publication 587. Inventory. You cannot depreciate inventory because it is not held for use in your business. Inventory is any property you hold primarily for sale to customers in the ordinary course of your business. If you are a rent-to-own dealer, you may be able to treat certain property held in your business as…