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Level 1

Semi truck in assets if it is listed under business vehicles? @

We purchased a used semi truck in 2019 and I'm wondering if I should and can add this to our business assets or if I have to just include it in the business vehicle expenses. There is no category for trucks in assets, just trailers. (This is not our 1st semi truck, just the most recent)

 

We owned another semi that caught fire in July so we had to purchase another one to continue working. The damaged truck got repaired but it didn't sell until 2020. 

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Accepted Solutions
Expert Alumni

Semi truck in assets if it is listed under business vehicles? @

You should enter it under vehicles as a 'truck tractor for over the road use". 

 

You will be prompted to enter all expenses including depreciation.

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3 Replies
Expert Alumni

Semi truck in assets if it is listed under business vehicles? @

You should enter it under vehicles as a 'truck tractor for over the road use". 

 

You will be prompted to enter all expenses including depreciation.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Level 15

Semi truck in assets if it is listed under business vehicles? @

 
Level 15

Semi truck in assets if it is listed under business vehicles? @

. retraction ... program has been changed. 

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