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lenwesten
New Member

When we report our business sale what depreciation number do we use

When we report our business sale what depreciation number do we use
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2 Replies
ee-ea
Level 15

When we report our business sale what depreciation number do we use

PatriciaV
Expert Alumni

When we report our business sale what depreciation number do we use

It depends. If you have business assets, you should have a depreciation report to show how much depreciation has been claimed on each asset. This is typically the total of the prior and current year depreciation

 

If you have no business assets, there would be no depreciation to include with the sale.

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