- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I paid a $5k deposit for a farm drainage project in September, the system was installed in January, and I then paid the remaining $20k balance. How should I record this?
This is a land improvement depreciable over 15 years. Since it was not placed into service until 2025, thats when the $20k balance would be added as an asset... but what do I do with the $5k?
‎January 30, 2025
9:18 AM