Home Based Business Tax Deductions?

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tabjo1

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I have a home based business. Let's say that I purchase a computer that is needed for the business. I know that this is considered a business expense and is tax deductible. Do I need a certain amount before they can be taken off taxes? For instance I know you have to have a certain amount of medical expenses before you can deduct them. Is it the same for business expenses?
 
The computer is supposed to be depreciated. Depreciation means you allocate the expense over a class life (often 5 to 7 years) and take a deduction each year for the portion used for business.

Unlike unreimbursed employee expenses, there is no threshhold on the schedule C.
 
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