Hi,

We sold the commercial building and paid off the bank loan, plus personal money to close the deal.

1). Is this company expense?

2). How do we show bank loan pay off and our personal money?
...

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Hi all,
Just curious about what to do for my AC/Heat Pump that I purchased 10 years ago and depreciated over 27.5 years that i needed to replace this year.  Am i able to expense the remaining undepreciated amount dur...

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