Laundromat Resource › Forums › Financing › Personal Property Tax › Reply To: Personal Property Tax

October 29, 2020 at 7:57 pm #2401
Rob Scarborough
Participant

    Hi Lisa/Robert!
    I’m not a CPA, so this is just my experience. That said, from my understanding, a portion of the purchase price of the laundromat is for the equipment. I believe that number is a bit subjective, but one your CPA can help you determine.
    Once determined, the equipment will be depreciated from there.

    Are there any CPA’s that can confirm or correct me?