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Leasehold improvement accounting question: how does
Leasehold improvement accounting question: how does depreciation works for leasehold improvement where the lease will be terminated within certain year. Will leasehold improvement depreciated base on … read more
Dr. Fiona Chen
Dr. Fiona Chen
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I am going to lease a space for my business and there are
I am going to lease a space for my business and there are $30,000 worth of improvements that need to be made to the space (install kitchen, remove interior walls, add another couple walls, redo floori… read more
Dr. Fiona Chen
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I have a complicated question about leasehold improvements
I have a complicated question about leasehold improvements between related parties. … read more
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Dr. Fiona Chen
President
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If a real estate syndicator bought my apt. building, can
If a real estate syndicator bought my apt. building , can they do improvements and write the off 100/%. The first year because of. 2099? I am stil confused about this ?… read more
Lane
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I purchased a business in 2018. Where do I put each of the
Hello, I purchased a business in 2018. Where do I put each of the attached on the scorp form 1120 that is due 3/15/19? I have the franchise fee and I think the equipment in the correct spot but the ot… read more
Lev
Lev
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New Depreciation Rules - Taxpayer is opening up a franchised
New Depreciation Rules -Taxpayer is opening up a franchised restaurant that will cost of the following - Leasehold Improvements $ 250,000, Restaurant Equipment $ 120,000, Furniture/Fixtures $ 30,000. … read more
Carter McBride
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Under the new tax laws for 2018 what is the maximum
Under the new tax laws for 2018 what is the maximum depreciation that can be taken on the following items:-Light fixtures -Martial art mats (padded 2 inch flooring)Both are being installed at a leased… read more
Lev
Lev
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I have leasehold improvements on my depreciation schedule
I have leasehold improvements on my depreciation schedule from 2014 ($568k) and from 2014 ($33k), which are both depreciation straight line over 39 years. It seems that the accelerated depreciation ma… read more
Lane
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Doctoral Degree
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Tax question: How many year do you depreciation leasehold
Tax question:How many year do you depreciation leasehold improvement. taxpayer make improvement to the store they just lease… read more
Lev
Lev
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Bachelor's Degree Equivalent
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C-corporation, that is preschool educational center, had
C-corporation, that is preschool educational center, had improvements done to the Front Yard/Playground area (cementing) as well as adding a fence throughout 2nd half of 2016. How to report these expe… read more
ABC Accounting Group
ABC Accounting Group
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A corporation paid for a land improvement. Normally this
A corporation paid for a land improvement. Normally this would be capitalized and depreciated over a 15 year life, with bonus allowable. However, the corporation does not own the land; they rent the p… read more
Lane
Lane
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Doctoral Degree
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Client buys a Subway franchise for $450,000. Purchase price
Client buys a Subway franchise for $450,000. Purchase price is allocated as follows :- Equipment $75,000 LH IMpmts $65,000 Goodwill $300,000 Does the equipment and LH Impmts qualify for section 179… read more
Robin D.
Robin D.
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Just spent 60,000 and tenant improvements subject to a
Just spent 60,000 and tenant improvements subject to a lease. I believe the depreciation period is 15 years S/L and 50% bonus depreciation is allowed. Please confirm.… read more
Stephen G.
Stephen G.
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What depreciation method and useful life to use to depreciate
What depreciation method and useful life to use to depreciate leasehold improvements done in 2014?… read more
Lane
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Hi I am still working on my 1065 for 2012. All set with QB.
Hi I am still working on my 1065 for 2012. All set with QB. I started in business in 2011. I noticed accountant who did that return took Amortization expense. There were Leasehold improvements of $26,… read more
Lev
Lev
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We are a property management company and are trying to offer
We are a property management company and are trying to offer some direction to the owners of the properties we manage. We are not accountants, so we don't want to give tax advice, but we want to provi… read more
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Can you check out my computation of bonus depreciation for
Can you check out my computation of bonus depreciation for 2009. this is for anLLC which has a loss before computing depreciation. New business in 2009. Are there limits? M& E 10yr life cost $42558 Bo… read more
RD
RD
Self Employed
Master's Degree
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Im President of a chain of dental clinics in N.C. We ordered,
I'm President of a chain of dental clinics in N.C. We ordered, paid for, installed, and made active usage of $482,000 in dental equipment in 2008 and we made leasehold improvements to long-term leased… read more
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RD
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