PatriciaV
Employee Tax Expert

Business & farm

The vehicles and fork-lift are both assets for depreciation.

 

You might go back to Quickbooks and run a depreciation report to show all your assets and accumulated depreciation, which might be helpful for this step.

 

Depending on the amounts being questioned, you would assign the imported figure either to Assets or Accumulated Depreciation. If the assets have reached the end of their useful life (5-7 years), those amounts could be the same.

 

Additional info:

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