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Business & farm
Yes, what you propose to do with the valuation of your contributed assets is reasonable and acceptable. I do suggest if you can, printing out the pages from which you get the valuations for verification purposes.
You can choose a different method for depreciation than the default. You can override the years based on the true estimated useful life if you know it. If you do not know the true estimated life I do suggest you keep the default methods and years. You listed the computer equipment as 5 year equipment and I know of many who take it as 3 year equipment. The way to take it over a different amount of years, if it is defensible to do so, is to list it with the true description but when the following screen asks the type of equipment, some will click on computer software, which has a 3-year life. As each life is entered you be shown the amount of depreciation that will be taken. You can also accelerate the current depreciation with what is called a Section 179 deduction or initial-year bonus depreciation.
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