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L
lenwesten
April 17, 2023
Question

When we report our business sale what depreciation number do we use

  • April 17, 2023
  • 2 replies
  • 0 views
When we report our business sale what depreciation number do we use

2 replies

E
ee-ea
Employee
April 17, 2023

 

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PatriciaV
PatriciaV
Employee
April 17, 2023

It depends. If you have business assets, you should have a depreciation report to show how much depreciation has been claimed on each asset. This is typically the total of the prior and current year depreciation. 

 

If you have no business assets, there would be no depreciation to include with the sale.

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