Depreciation schedules

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Useful life of common assets:

  • Appliances, carpeting & furniture: 5 years
  • Office furniture & equipment: 7 years
  • Fences & roads: 15 years
  • Residential rental buildings, structures, furnaces & water pipes: 27.5 years
  • Commercial buildings: 39 years

The full list is here https://www.irs.gov/publications/p946

https://fitsmallbusiness.com/rental-property-depreciation-rules/

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  • 3 months ago by vince