SensibleandHour ly
Level 8
03-26-2023
02:23 PM
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Good afternoon, Community,
How many more days again? 🤔
Quick question for a home day care business that purchased a pretty nice tractor (15k) to primarily clear snow during the winter for their day care. (And, yes, in my neck of the woods, we get ridiculous amounts of snow, lol).
So, I've been reading about depreciation options until I have utterly confused myself for this one!! Since the purchase was in 2022, do I simply declare it as a 179 Depreciate expense and manually apply the time/space percentage to the purchase price, or is there a better way to let the system calculate it that I am not seeing?
Thank you for those who might have time to respond,
Dawn
Best Answer Click here
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