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starting a business with old assets.

wazzoraybelle · 2012-10-05 08:32:30

I am hoping to start a business shortly by commercialising what has been a hobby of mine for a long time. I will be using equipment that I have owned for several years for which I have no receipts nor can remember quite how much those pieces of equipment cost. Are there rules as to how I depeciate (if at all ) these items…

05-10-2012 8:32am

#1

wazzoraybelle

Registered Users, Registered Users 2 Posts: 659 ✭✭✭

Join Date: August 2007

Posts: 556

I am hoping to start a business shortly by commercialising what has been a hobby of mine for a long time. I will be using equipment that I have owned for several years for which I have no receipts nor can remember quite how much those pieces of equipment cost.

Are there rules as to how I depeciate (if at all ) these items once my business has started?

Thanks
Wazzo

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