Depreciation of beds - tanTALK

Ginger · 12-11-2001, 03:17 PM

Is there a guide for depreciating beds? My beds are 1 1/2 years old. Is there a certain % you use each year to figure this?

Ken · 12-11-2001, 06:50 PM

Ginger,

If you are asking for tax reasons, you need to talk to your accountant. There are multiple methods of depreciating equipment all resulting in different amounts per year.

If you are asking for an idea on possible fair market value (sale value) there are no guidelines - ask for what you think you would be happy accepting as a sales price, the potential buyer will offer what they're comfortable with.

Ken

Ginger · 12-12-2001, 08:46 AM

Thanks, Ken. I'll talk to my accountant!

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12-11-2001, 03:17 PM	#1 (permalink)
Ginger Join Date: Jan 27 2000 Posts: 415 Rep Power: 24	Is there a guide for depreciating beds? My beds are 1 1/2 years old. Is there a certain % you use each year to figure this?

12-11-2001, 06:50 PM	#2 (permalink)
Ken Join Date: Nov 21 2000 Location: Midwest Posts: 198 Rep Power: 23	Ginger, If you are asking for tax reasons, you need to talk to your accountant. There are multiple methods of depreciating equipment all resulting in different amounts per year. If you are asking for an idea on possible fair market value (sale value) there are no guidelines - ask for what you think you would be happy accepting as a sales price, the potential buyer will offer what they're comfortable with. Ken

12-12-2001, 08:46 AM	#3 (permalink)
Ginger Join Date: Jan 27 2000 Posts: 415 Rep Power: 24	Thanks, Ken. I'll talk to my accountant!

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