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I have a client that purchased a bread route for $60,000. How is this deducted?

ajaymurdoch
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sjrcpa
Level 15

Get the breakdown of what assets the $60K bought. Most  are probably Section 197 intangibles amortized over 15 years. Others could be depreciated over 5 or 7 or more years.


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sjrcpa
Level 15

Get the breakdown of what assets the $60K bought. Most  are probably Section 197 intangibles amortized over 15 years. Others could be depreciated over 5 or 7 or more years.


Ex-AllStar
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