Piano Depreciation

Farrell mfarrel2 at tampabay.rr.com
Sat Dec 9 18:01:13 MST 2006


Larry Fine describes several methods of calculating depreciation value of a 
piano. However, for tax purposes, doesn't one simply, on some basis, pick a 
number of years over which to depreciate a large business purchase - I think 
for tax purposes it really doesn't relate so much with actual value.

However, finances and taxes are among my weakest areas of knowledge - but I 
am curious about this. Someone else?

Terry Farrell

----- Original Message ----- 
> Does anyone know the standard method and rate at which pianos are
> depreciated (say in the case of a piano teacher) for tax purposes.  I have 
> a
> customer asking me and though I don't intend to advise him on tax matters,
> I'm curious.
>
> Thanks
>
> David Love




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