shf1957
Level 7
05-13-2021
09:47 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client traded in a big westernstar for a newer one. I plan to take the depreciation on the truck. Is it allowable to take the Federal Excise Tax (FET) as a tax expense? Or do i have to depreciate this?
Best Answer Click here
Labels
IRonMaN
Level 15
05-13-2021
09:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
All costs incurred to acquire an asset get capitalized
Slava Ukraini!
