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Loren Coffin
Feb 12, 2019 1:24 AM UTC
Question

In what expense account category do I enter for renting a trailer for moving purchased equipment?

I rented a trailer to move a new equipment purchase for the business, which account in expenses do I enter that into?

3 replies

john-pero
john-pero
Feb 12, 2019 1:31 AM UTC

If it is a capital asset (machinery subject to depreciation) I would think that the cost of getting it there is added to the asset value to be depreciated over the life of the machine.

 

Or it could be equipment rent

Loren CoffinAuthor
Feb 12, 2019 2:38 AM UTC

The machine is subject to depreciation but figuring in the moving costs doesn't seem right when you're depreciating the moving costs then.

 

Loren CoffinAuthor
Feb 12, 2019 4:46 AM UTC

I found it. There is an equipment rental category when you go looking inside the expense account page that doesn't normally show up.

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