Toni's Tots 08:42 PM 01-06-2012
Does anyone have any information on what types of depreciation there are? I see in the Minute Menu for expenses it shows depreciation when I finished my deck this summer and wanted to put it in there but I'm not sure how to put it in. Thank you in advance for any information you can share.
Michael 09:13 PM 01-06-2012
TomCopeland 07:40 AM 01-07-2012
Originally Posted by Toni's Tots:
Does anyone have any information on what types of depreciation there are? I see in the Minute Menu for expenses it shows depreciation when I finished my deck this summer and wanted to put it in there but I'm not sure how to put it in. Thank you in advance for any information you can share.
Here are the categories of depreciation you may use:
Office equipment (computers, etc.) 5 years
Personal property (furniture, appliances, carpet, equipment) 7 years
land improvement (fence, patio, driveway) 15 years
home improvement (new roof, furnace, remodeling, deck) 39 years
home 39 years