Bird Legs I owe you for your advice on CFS.
Taxi Cab
Client purchased a 2001 vehicle in October 2005, in order to provide taxi service thru a taxi companry. This was done to avoid having too buy or lease it from the company. Client does pay commissions to cab co. Plus all car expenses. Question: What is the depreciable life of this cab? I set it up for 5 yrs., however, client says it should be 3 yrs because of its age. He said this is what the cab company told him.
Which is correct
Thanks for all of your input. Bird Legs.
This post was originally placed in the wrong place by Bird legs.
Taxi Cab
Client purchased a 2001 vehicle in October 2005, in order to provide taxi service thru a taxi companry. This was done to avoid having too buy or lease it from the company. Client does pay commissions to cab co. Plus all car expenses. Question: What is the depreciable life of this cab? I set it up for 5 yrs., however, client says it should be 3 yrs because of its age. He said this is what the cab company told him.
Which is correct
Thanks for all of your input. Bird Legs.
This post was originally placed in the wrong place by Bird legs.
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