Golfer2016
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 2
		
	
				
		
	
		
			
    
	
		
		
		10-22-2020
	
		
		04:57 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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How would you show a deposit on the 1120S balance sheet for a car that isn't in service yet? This is for a car. The client put down $100 to get in line. Since there is no service yet, I didn't want to list it as depreciable asset. I guess I could just list it as an other asset and put Deposit on details?
		
			
				
						
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			taxes96786
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 9
		
	
				
		
	
		
			
    
	
		
		
		10-22-2020
	
		
		06:12 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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It gets added to the total cost.
			
		
			
	
	
			
				
		
		
			sjrcpa
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		10-22-2020
	
		
		06:44 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Yes-Other Asset, Deposit
The more I know the more I don’t know.