Equipment. 1  Equipment qualifying as a capital asset is defined as a single item with an acquisition cost of $5,000 or more and has a useful life beyond one year. 2  Freight, import duties, handling and storage costs. 3  Specific in-transit insurance charges. 4  Sales, use and other taxes imposed on the purchase.
Greenback, Tennessee. Greenback is a city in Loudon County, Tennessee, United States. Its population was at 1,064, according to the 2010 census. It is included in the Knoxville Metropolitan Statistical Area.
The Icehouse Bottom site, located a few miles southwest of Greenback, is believed to have been inhabited as early as 9,000 years ago, making it one of the oldest known habitation sites in Tennessee. Lenoir City is a full-service City on the outskirts of the greater metropolitan Knoxville area. Lenoir City has a strong commercial base on Highway 321, coupled with a very charming Historic Downtown Area.