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jkwanner2
New Member

My husband started a trucking business he bought a semi truck and trailer. Do I add the semi information under the vehicle expense and the trailer under the deprecation?

 
1 Reply
MichaelMc
New Member

My husband started a trucking business he bought a semi truck and trailer. Do I add the semi information under the vehicle expense and the trailer under the deprecation?

No. Both the semi truck and the trailer are separate assets, and the purchase costs of each will need to be depreciated.

The operating expenses for the semi can be reported under vehicle expense.

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