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Part of the equity contributions for our multi-member LLC, have been time & effort contributions by the Members.
Is that something I should or even can depreciate or does it remain static on the Balance Sheet over the years?
In a sole proprietorship or a partnership (multimember LLC) time and effort have no accounting entry at all.
If you have something posted that is value for those efforts, it should be deleted. To answer the question though, no it is not depreciated
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