Daycare.com Forum
Daycare and Taxes>Depreciation in Minute Menu
aemcclane 03:40 PM 10-12-2015
We recently purchased a brand new mattress and I'm entering the expense into Minute Menu. I know it needs to be a half year convention but it's asking if I want to do 7 year straight line or 7 year 200% decline. Help!! The last option is confusing and google hasn't helped lol! 
TomCopeland 07:30 AM 10-13-2015
Originally Posted by aemcclane:
We recently purchased a brand new mattress and I'm entering the expense into Minute Menu. I know it needs to be a half year convention but it's asking if I want to do 7 year straight line or 7 year 200% decline. Help!! The last option is confusing and google hasn't helped lol!
Yes, depreciation is very confusing. Use 200% declining balance rather than straight line. Straight line depreciation means you claim the same amount of deductions each year. Declining balance depreciation means you claim more deductions in the early years a less in the later years. I'd always use the declining balance method.We recently purchased a brand new mattress and I'm entering the expense into Minute Menu. I know it needs to be a half year convention but it's asking if I want to do 7 year straight line or 7 year 200% decline. Help!! The last option is confusing and google hasn't helped lol!
aemcclane 07:37 PM 10-13-2015
Thank you!