Depreciation: The shipping containers for hire

Q: I have a client who buys and rents out shipping containers. Eventually, they sell the containers to buyers. My question is, should we consider the shipping containers for rent as inventory, depreciable assets, or neither?

The option fee

Q: Company A was going to sell its business to Company B, who paid a $10,000 fee to secure the option to make the offer. If Company B decides not to buy, will this trigger a tax event?

Leave a Reply

    Search form


    See all

    Growth Is Just One Click Away

    Don't feel like calling? Just share your goals and situation & our expert will get in touch.

    Schedule A Meeting with "The Ideas"!

    How long would you like the meeting to be?