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tax depreciation

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Level 1
last updated ‎March 04, 2020 1:12 PM

A metal warehouse brought into use March 2019   what life can I use to depreciate it?

This is apansion of an existing building cost $291,000

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Level 15
last updated ‎March 04, 2020 1:12 PM

You don't say what software you are using which is normally helpful, but what kind of life are you thinking about going with?

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 1
last updated ‎March 04, 2020 1:12 PM

39 years.  Unless you are required to use ADS because of a 163(J) interest election.

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Level 1
last updated ‎March 04, 2020 1:12 PM

Thanks so much for the quick response

 

Mervyn

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