OT: Giving company furniture/assets to employees

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  • #163114
    jjm1181
    Participant

    Do the employees have to pay some sort of boot (<


    always wanted to use that word in a real life situation) for the furniture to ensure the asset is considered compensation or anything? Our company is closing an office and we’re looking to get rid of the filing cabinets, desks, etc. None of the furniture was capitalized.

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  • #308059
    senbi575
    Member

    I don't think so unless your company is going to charge employees for the items, and as part of their compensation? Wow!

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