Discussion:Life to depr Lojack purchase system

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CPA lgm (Talk | contribs)
(Thank you! The)
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Taxea (Talk | contribs)
(Seriously, a lo-)
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{{ForumReplyPost|UserID=CPA lgm|Date=8 June 2009|Text=Thank you! The restaurant tables are clean :)}} {{ForumReplyPost|UserID=CPA lgm|Date=8 June 2009|Text=Thank you! The restaurant tables are clean :)}}
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 +{{ForumReplyPost|UserID=Taxea|Date=10 June 2009|Text=Seriously, a lo-jack is a car accessory I would go for 5 years of depreciation.}}

Revision as of 06:44, 10 June 2009

Discussion Forum Index --> Basic Tax Questions --> Life to depr Lojack purchase system
Discussion Forum Index --> Tax Questions --> Life to depr Lojack purchase system

CPA lgm (talk|edits) said:

8 June 2009
Client purchased a Lojack system for $1,500 - what would you recommend to depreciate it under? I'm thinking that auto tables.

Any advise?

RoyDaleOne (talk|edits) said:

8 June 2009
In what line of business is the client?

RoyDaleOne (talk|edits) said:

8 June 2009
I would not use the auto tables.

CPA lgm (talk|edits) said:

8 June 2009
TP owns three restaurants and the vehicle is 100% the businesses

RoyDaleOne (talk|edits) said:

8 June 2009
I would use asset class life 57.0.

I would not consider Lojack as a permanent additional to the vehicle, because it will be transfer to a different vehicle when the current vehicle is retired.

Kevinh5 (talk|edits) said:

8 June 2009
and I would recommomend he keep the auto off of his restaurant tables also.

greasy food doesn't mix well with motor oil

Kevinh5 (talk|edits) said:

8 June 2009
OH, he wrote 'auto tables' not 'restaurant tables'


So this is a drive in? I remember going to the A&W for root beer and hot dogs with my grandmother when I was a child. They brought a tray to the car which sat on your window. But I wouldn't call that an 'auto table'.

CPA lgm (talk|edits) said:

8 June 2009
Thank you! The restaurant tables are clean :)

CPA lgm (talk|edits) said:

8 June 2009
Thank you! The restaurant tables are clean :)

Taxea (talk|edits) said:

10 June 2009
Seriously, a lo-jack is a car accessory I would go for 5 years of depreciation.
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