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WHAT TYPE OF ASSET WOULD RESTAURANT TABLES AND CHAIRS BE CONSIDERED?

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Level 12

If they qualify for and actually make the De Minimis election, you may consider that and just deduct them.

Otherwise, restaurant assets are code "Q", "Distributive Trades and Services".

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Level 12

If they qualify for and actually make the De Minimis election, you may consider that and just deduct them.

Otherwise, restaurant assets are code "Q", "Distributive Trades and Services".

View solution in original post

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