can you list & depreciate fixed assets from prior years (2002) that were previously treated as an exprense? is there a benefit to it? i know nothing about taxes.
ours are done by a professional accountant, but bookkeeping is done in house. while going through our records to see what has been donated, i found several (a LOT) of items that should have been listed, from professional reference books to furniture. most items were listed under supplies expense (office supplies) or training.
the company is an LLC taxed as a partnership.
also, a link or name of a site with a list of depreciable fixed assets would be great if anyone knows of one. that would help me weed this out a little.
thanks!
2007-01-24
03:48:45
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3 answers
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