They are treated as assets and depreciated on a 60 month schedule. At one time it was 36 months, then 48, and now 60. Depreciation is entered monthly.
By depreciation recapture I’m assuming you are referring to clearing up the deferred taxes that you created by taking advantage of accelerated and part 179 depreciation? There is a reason why that is normally tracked on the books are a liability. Mark > On Feb 21, 2022, at 4:35 PM, Chuck McCown via AF <af@af.afmug.com> wrote: > > Do you guys expense SMs as you go or call them assets and do a mass > depreciation each year? > > I know we had to reverse a bunch of depreciation when we sold the wisp. > Depreciation Recapture. Bunch of crap if you have never heard of it before > and were not expecting it. > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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