depreciation schedule?

Former Member

Can anyone tell me what a typical depreciation schedule would be for kitchen equipment? I'm thinking of a plan where I would install equipment in someone else's commercial kitchen as part of a contract to operate there... then if they want to buy me out during the contract, or at the end of the term, we would agree in advance what the equipment would be worth. TIA.

11/25/0311:54 AM

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Former Member

thats a toughie, woodburner. depreciation is relative to the type of equipment. some stuff is as good ten years later as the day it was put in to use. perhaps if you price out the equipment used, you can get an idea as to the value of each item down the road. or just simple use the IRS depreciation schedule for businesses. good luck.

11/25/0311:20 PM

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mikevancouverMember

Interesting thought woodburner. you might take your inventory of equipment and price similar items through used equipment suppliers on the web, there are LOTS of them. shouldn't be too hard to set up your own schedule.

11/27/037:43 AM

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Former Member

I had similar concernes when I started my catering business so I did the unthinkable...I called the IRS and asked about depreciation schedules. They were extremely helpfull and explained the various options available to me. Try it, you might be surprised!

11/27/0312:01 PM

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Former Member

The only thing I can help you with which might give you a hint of where to go with prices is just about anything that has any electronics is usaully about 50% of new. I have a CS 150 for sale, hopefully sold, and that is how I priced it because of the electronics. Not much more to wear out as well built as they are.

Peter

12/21/0312:19 PM

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