What is the depreciation rate for golf equipment rental purchased at $3,500?
November 23, 2009 by admin
Filed under Golf Equipment
Rephrased question:
What is the depreciation rate for golf equipment purchased at $3,500?
how can it depreciate if it is rented equipment?
how can it depreciate if it is rented equipment?
References :
For tax purposes, code section 179 (refer to http://www.irs.gov/publications/p946/ch02.html) allows companies to depreciate up to $108k of purchased property in the year purchased. For an industry example, International Golf Rental & Sales (refer to http://www.golfrentalandsales.com) looks like they are probably already doing it.
If those links don’t help you out, I would contact either an IRS representative or the golf club rental company I referenced above. I’ve got to believe that they would have those answers for you!
Good luck!
References :
http://www.irs.gov/publications/p946/ch02.html
http://www.golfrentalandsales.com