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#1
12-04-2012, 07:19 AM
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Help w/Depreciating My Home
We bought our home from my parents 3 years ago. We purchased the house for $30,000 less than what the house appraised for. We just started the daycare this year. Do we use the actual purchase price or the appraised price of the house?
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#2
12-04-2012, 12:23 PM
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house depreciation
Use the lower of these two numbers: the purchase price or the value of the home at the time you started using it for your business.
__________________
http://www.tomcopelandblog.com
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| depreciation, home depreciation |
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