lynda08235
Level 1

A large truck owned by a  non profit has a replaced motor... Do I depreciate or expense

 

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jeffmcpa2010
Level 11

It may depends on the amount of the expenditure, and what, if any, elections or decisions the client has made regarding complying with IRS reg.  1.263 (a) 1

qbteachmt
Level 15

If they have been using the Mileage Allowance, it already has a maintenance, wear-and-tear component in the allowance, since it is for operating costs. You stated "large truck" but not "specialty vehicle." Details matter.

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sjrcpa
Level 15

Doubtful that a large truck owned by a nonprofit organization would use the mileage method.


Ex-AllStar
qbteachmt
Level 15

We don't know if "large" is a 3/4 ton or Semi or moving box van. We don't know if "motor" is $1,800 or $18,000.

Oh, there is so much we don't know...

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