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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?

By Ideas Group

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?

By Ideas Group

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