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L
Loren Coffin
February 12, 2019
Question

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

  • February 12, 2019
  • 1 reply
  • 0 views

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

1 reply

john-pero
john-pero
February 12, 2019

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

L
Loren CoffinAuthor
February 12, 2019

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

 

L
Loren CoffinAuthor
February 12, 2019

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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