Piano Depreciation

[David Love]

Part of what I was wondering was over what period of time a piano should be
depreciated over.  They do tend to last awhile with some value remaining.  

David Love
davidlovepianos at comcast.net 
www.davidlovepianos.com

-----Original Message-----
From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf
Of Farrell
Sent: Saturday, December 09, 2006 5:01 PM
To: Pianotech List
Subject: Re: Piano Depreciation

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