Thread: Depreciation
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Old 04-02-2013, 05:33 PM
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TomCopeland TomCopeland is offline
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Default Depreciation

Originally Posted by AnythingsPossible View Post
What is the proper form to use for depreciation of new windows and new furniture? I imagine it is a different time frame for these purchases. Does the 50% rule apply to both?
I would treat new windows as a home improvement - depreciate over 39 years, not eligible for the 50% bonus rule.
I would treat new furniture as personal property - depreciate over 7 years, is eligible for the 50% bonus rule.
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