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.
East Ridge, Tennessee. East Ridge is a city in Hamilton County, Tennessee, United States. As of the 2010 census, the city population was 20,979. East Ridge is bordered by Chattanooga to the west, north, and east, and the Georgia state line to the south. It is part of the Chattanooga, TNâGA Metropolitan Statistical Area.