Quickbooks Depreciation Expense

  • Sumo

Here is another Forum posting response we did.

From: Eric Ou
Subject: question

Message Body:
i have one question i dont know how to do, please help me out.
the thing is for 2011 my company spent $50000.00 for decoration , and right now i dont know which part i need put in for expense. please please please help me out.

The Short Answer to This is

Deprecation would be:
Built In Fixture – 15 years
External such as Furniture, Picture Frames – 7 years

You can Choose
Straight Line Method OR Macrs

This is something you should get a tax consultant
as it depends on your specific situation.

Call Cel Mercado with www.yourtaxshop.com
1st Consultation is Free
(800) 965-0338

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