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krabb2434
New Member

I am a c corporation that files my taxes on the accrual system I had a major engine repair on my heavy duty truck it was a $25000 repair can i deduct the whole bill this

or do i need to depreciate it out over 5 years?
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1 Best answer

Accepted Solutions
Fern
New Member

I am a c corporation that files my taxes on the accrual system I had a major engine repair on my heavy duty truck it was a $25000 repair can i deduct the whole bill this

The repair described above would extend the useful life of the truck. Therefore, it should be depreciated.

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1 Reply
Fern
New Member

I am a c corporation that files my taxes on the accrual system I had a major engine repair on my heavy duty truck it was a $25000 repair can i deduct the whole bill this

The repair described above would extend the useful life of the truck. Therefore, it should be depreciated.

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