Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-26-2009, 09:49 AM
Junior Member
 
Join Date: Jan 2009
Posts: 12
How do I go about depreciating "used equipment" bought for my C Corporation?

Dear TaxGuru:

I am considering purchasing some used equipment for my business. Clearly, it has been fully written off by the previous owner. Then please guide me as to how I can go about depreciating "used equipment" bought for my C Corporation? Is it possible to write it off?

Any help in this matter would be appreciated! Thanks.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
When are the Maryland "C" corporation estimated income tax payments due? TaxGuru Maryland 0 01-19-2009 01:56 AM
When are the Idaho "C" corporation estimated income tax payments due? TaxGuru Idaho 0 01-16-2009 01:11 AM
When are the Iowa "C" corporation estimated income tax payments due? TaxGuru Iowa 0 01-04-2009 06:22 PM
When are the Colorado "C" corporation estimated income tax payments due? TaxGuru Colorado 0 12-12-2008 12:03 PM
When are Arkansas "C" corporation estimated income tax payments due? TaxGuru Arkansas 0 12-10-2008 12:19 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.