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Van 'Purchased' with Bank Loan

Posted: Mon Jan 20, 2014 8:08 pm
by jordan2k510
When do I start depreciating our church van which has a 5 year bank loan which started in 2013?

Re: Van 'Purchased' with Bank Loan

Posted: Mon Jan 20, 2014 10:10 pm
by NeilZ
jordan2k510 wrote:When do I start depreciating our church van which has a 5 year bank loan which started in 2013?
This thread will probably give you a very good set of examples on how to do it. You can begin the deprecation this year:

viewtopic.php?f=3&t=6810&p=23076&hilit= ... ion#p23076