Toy Depreciation?
Do I have to depreciate expensive toys? I bought a few expensive things with grant money this year. $2000, $500, $1500, etc. Do I need to list these as a 5 year depreciation?
Also... does KidKare keep track of depreciation for accounting purposes? Minute Menu did not do this, if I remember correctly. It listed things, but I don't think it kept track of it. |
Toys
Originally Posted by midaycare: KidKare works the same way as Minute Menu with regards to depreciation. That is, it only lists items to be depreciated on the Depreciation Worksheet report. |
Is the $2500 limit just for daycare or other small businesses also? Does it matter what type of item it is, for example, riding mower for a lawn business?
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Originally Posted by TomCopeland: IF this is true I'm going to buy the newer $400 machine :lol::lol::lol: |
$2,500 rule
Originally Posted by Mom2Two: |
$2,500 rule
Originally Posted by MarinaVanessa: |
Originally Posted by TomCopeland: |
Originally Posted by MarinaVanessa: |
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