 |
Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
|
| View previous topic :: View next topic |
| Author |
Message |
ruth
Joined: 27 Sep 2006
Posts: 7
Location: Garland, Utah
|
| Posted: Mon Oct 30, 2006 2:24 pm Post subject: Depreciation |
|
|
My client has purchased a new computer. Do I start depreciating it on the month that was purchased or do I start the following month?
Thank you. |
|
| Back to top |
|
Csellers
Joined: 09 Sep 2005
Posts: 1
|
| Posted: Wed Nov 22, 2006 10:28 am Post subject: test |
|
|
| test |
|
| Back to top |
|
bigbruno
Joined: 03 Jan 2007
Posts: 5
|
| Posted: Thu Jan 04, 2007 10:03 am Post subject: Re: Depreciation |
|
|
ruth wrote: My client has purchased a new computer. Do I start depreciating it on the month that was purchased or do I start the following month?
For book purposes, depreciate it over 6 years, starting with "Placed in service date"(date you started using it) straight-line. For Tax Purposes, MACRS 200%, over 5 years, except for AMT, which should be at MACRS 150%
Hope it helps
Thank you. |
|
| Back to top |
|
| |
|