Reply To: Personal Property Tax

[Rob Scarborough]

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?