Discussion:Class Life of Salon Styling Chairs
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
(Difference between revisions)
| Revision as of 16:52, 19 October 2009 KathiJud (Talk | contribs) (I would be incli) ← Previous diff |
Revision as of 16:57, 19 October 2009 Seaside CPA (Talk | contribs) (I think it would) Next diff → |
||
| Line 5: | Line 5: | ||
| {{ForumReplyPost|UserID=KathiJud|Date=19 October 2009|Text=I would be inclined to say they are equipment due to their use and mechanical features. They are not used as functional furniture pieces.}} | {{ForumReplyPost|UserID=KathiJud|Date=19 October 2009|Text=I would be inclined to say they are equipment due to their use and mechanical features. They are not used as functional furniture pieces.}} | ||
| + | |||
| + | {{ForumReplyPost|UserID=Seaside CPA|Date=19 October 2009|Text=I think it would fall under "assets unique to personal & professional services" & have a 5 year life. It's not a typical chair to be used in any business.}} | ||
Revision as of 16:57, 19 October 2009
Discussion Forum Index --> Accounting Questions --> Class Life of Salon Styling Chairs
| 19 October 2009 | |
| Would you consider salon styling chairs "furniture" or "equipment"? I placed them under 7 year furniture but client thinks it ought to be equipment over 5 years. I could go either way I suppose but wondering your experience. Thanks. | |
| 19 October 2009 | |
| I would be inclined to say they are equipment due to their use and mechanical features. They are not used as functional furniture pieces. | |
Seaside CPA (talk|edits) said: | 19 October 2009 |
| I think it would fall under "assets unique to personal & professional services" & have a 5 year life. It's not a typical chair to be used in any business. | |
