Can a client capitalize a company truck cap for $4k?
If you installed the truck cap when you purchase the truck, yes it is part of the truck cost. Otherwise You can add it as an addition to fixed assets, and then capitalize it (annual depreciation).
Make a new sub account named for the cap, I would make it a sub account of the truck it is on
Can a client capitalize a company truck cap for $4k?
If you installed the truck cap when you purchase the truck, yes it is part of the truck cost. Otherwise You can add it as an addition to fixed assets, and then capitalize it (annual depreciation).
Make a new sub account named for the cap, I would make it a sub account of the truck it is on
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