[trynewideas]

Are there tax implications? Do the laptops count as losses CircleCI can write off, and compensation the ex-employee has to report?

[prepend]

Laptops 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]

This 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]

Probably has to be treated as income by the employee as well.

[prepend]

Not if it’s depreciated to zero value. It’s considered worthless for tax purposes.