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Level 1
posted Feb 17, 2023 6:55:47 PM

category for assets depreciation for a utility cab shell for work truck?

I am looking for the correct category for assets depreciation for a utility cab shell that is on a work truck. The utility cab shell was over $3,500.

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2 Replies
Level 15
Feb 18, 2023 12:47:02 AM

no different than the truck itself. if this is the truck's first year for depreciation I would just add it to the cost. 

Level 15
Feb 18, 2023 5:10:50 AM

If you put it on after the purchase of the truck  it is a MACRS 7 year asset.