poolcleaner
Level 9
12-07-2019
09:32 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I'm pulling this from my ancient past but before 1981 you could use any reasonable method (including the asset's life) for depreciation including straight line. I'm with TaxGuyBill in that using O would let you claim the remaining years of depreciation. It sounds as if it has been done correctly all these years. The date in which it is placed in service is critical here.