Loan for loan guarantee

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  • JenMO
    Senior Member
    • Apr 2007
    • 974

    #1

    Loan for loan guarantee

    Client had to buy a loan guarantee to build new farm buildings. The loan guarantee money was borrowed. How is that depreciated?
  • jimmcg
    Senior Member
    • Aug 2005
    • 633

    #2
    Loan Guarantee

    Unless it were a very immaterial amount I would amortize it over the life of the loan.

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