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Level 5
March 27, 2022
Question

SCH C motorcycle depreciaiton

  • March 27, 2022
  • 2 replies
  • 15 views

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?

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2 replies

dkh
Level 15
March 27, 2022

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 ?

Opfor77Author
Level 5
March 27, 2022

It’s strictly a show bike. He has other motorcycles for personal use. 

Just-Lisa-Now-
Intuit Community Champion
March 27, 2022
A "show bike" would probably get outdated after a few years as new and better things come out, Id choose something around 5 or 7 years at most.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♥¸¸.•*¨*•♫♪
Opfor77Author
Level 5
March 27, 2022

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!