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SCH C motorcycle depreciaiton

Opfor77
Level 4

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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4 Comments 4
dkh
Level 15

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 ?

Just-Lisa-Now-
Level 15
Level 15
A "show bike" would probably get outdated after a few years as new and better things come out, Id choose something around 5 or 7 years at most.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♥¸¸.•*¨*•♫♪
Opfor77
Level 4

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

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Opfor77
Level 4

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!

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