Depreciating films


The Tax Therapist

My client purchased some very old films for $50,000. He
will be using them in his business. It appears to me that
we use either straight line depreciation or a units of
production type depreciation. However it seems in either
case, salvage value needs to be considered. My fear is the
salvage value of these very old movies will be the same as
the cost and therefore there isnothing to depreciate.


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

UK the film ilm industry 1
Cyberpunk, Postnuke, apocalypse, thousands of ultra-rare films to choose from 0
depreciation 3
Depreciation 3
Depreciation 4
Depreciation 5
Depreciation 3
Depreciation 3