Can someone please remind me if I can expense a replacement garage door motor at $550 or whether I have to depreciate it.
Thanks
JB
Thanks
JB
expense or depreciate?
- Thread starter James Bond
- Start date
It exceeds the cost limit and must be depreciated.
Effective life tables 3.4.5.& 6 here
Your choice of depreciation method is important. If a QS schedule is available the former door opener may be a asset write-off for its remaining value too.
Was the old one damaged through being shaken, not stirred james ?
Effective life tables 3.4.5.& 6 here
Your choice of depreciation method is important. If a QS schedule is available the former door opener may be a asset write-off for its remaining value too.
Was the old one damaged through being shaken, not stirred james ?
Ah yes thanks for the write-off tip.
The receipt I have is for "supply and install, total $550", does it benefit me in any way to get a receipt with supply and install as seperate line items?
Thanks
JB
The receipt I have is for "supply and install, total $550", does it benefit me in any way to get a receipt with supply and install as seperate line items?
Thanks
JB
