Opfor77
Level 4
03-27-2022
11:10 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client started up a custom motorcycle business, and uses one specific motorcycle as a show bike. Any ideas which entry I would choose under "type of asset" tab to pick the depreciation life?
Labels
dkh
Level 15
03-27-2022
11:25 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Is this show bike on display only or is it also clients ride? If it's his ride - wouldn't it go under Auto Depreciation ?
Level 15
03-27-2022
11:38 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
A "show bike" would probably get outdated after a few years as new and better things come out, Id choose something around 5 or 7 years at most.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Opfor77
Level 4
03-27-2022
11:39 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It’s strictly a show bike. He has other motorcycles for personal use.
Opfor77
Level 4
03-27-2022
12:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you. You’re awesome! I always see you responding to posts…very cool. I tried to see if I could direct message you a question the other day, but I guess that’s not an option on here. Lol. Thank you again!