gamefixer Well-known member Joined Feb 27, 2005 Messages 9,082 Reaction score 551 Location Colorado Feb 25, 2013 #1 Just wondering what sort of depreciation schedule you guys have your games on? 3, 5, 7? more?
DarrenF Well-known member VAPS Joined Jan 7, 2011 Messages 5,855 Reaction score 526 Location Florida Feb 25, 2013 #2 Depreciation? Expense them... I see a state of MD tax document that specifically gives a depreciation rate for pinball machines and video games.... 50% per year. www.dat.state.md.us/sdatweb/pp1nofill.pdf Last edited: Feb 25, 2013
Depreciation? Expense them... I see a state of MD tax document that specifically gives a depreciation rate for pinball machines and video games.... 50% per year. www.dat.state.md.us/sdatweb/pp1nofill.pdf
AllYouCanArcade Member VAPS Joined Feb 6, 2012 Messages 817 Reaction score 14 Location Antioch, California Feb 25, 2013 #3 Our accountant said 5 years.
OP OP gamefixer Well-known member Joined Feb 27, 2005 Messages 9,082 Reaction score 551 Location Colorado Feb 25, 2013 #4 DarrenF said: Depreciation? Expense them... I see a state of MD tax document that specifically gives a depreciation rate for pinball machines and video games.... 50% per year. www.dat.state.md.us/sdatweb/pp1nofill.pdf Click to expand... I dont claim to know the ins and outs of our companies tax dept. So at 50% a year (1st year 50% of its value, 2nd 25% of its value) they are basically gone in 5 years. Thats what I was thinking it should be. Thanks!
DarrenF said: Depreciation? Expense them... I see a state of MD tax document that specifically gives a depreciation rate for pinball machines and video games.... 50% per year. www.dat.state.md.us/sdatweb/pp1nofill.pdf Click to expand... I dont claim to know the ins and outs of our companies tax dept. So at 50% a year (1st year 50% of its value, 2nd 25% of its value) they are basically gone in 5 years. Thats what I was thinking it should be. Thanks!
OP OP gamefixer Well-known member Joined Feb 27, 2005 Messages 9,082 Reaction score 551 Location Colorado Feb 25, 2013 #5 sethichino said: Our accountant said 5 years. Click to expand... Yup... 2 out of 2... I thought I was on the right track.
sethichino said: Our accountant said 5 years. Click to expand... Yup... 2 out of 2... I thought I was on the right track.