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Vending machine location, depreciable?
ProSeries: 2008
11/3/09 1:24 PM
Total Views: 44
11/3/09 1:24 PM
Total Views: 44
Are Vending machine locations, a depreciable or amortizable expense for a corporation?
If the location is paid for, and in a contract, is this then depreciable, over time?
If so, over what time length? Is it 40 year property?
All Replies: Answers (2)
Rating + 3
Answer
11/3/09 2:11 PM
I would think it's amortizable over the term of the contract. I could also see an argument that it's a Sec 197 intangible asset, amortizable over 15 years. I believe I'd use whichever method gives the larger writeoff.
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Inside of a dog, it's too dark to read.
~Groucho Marx
Rating 0
Answer
11/4/09 7:01 AM
This shop be amortizable over the life of the respective contract depending upon the lengthof the contract for the Vending Machine
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