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Old 02-08-2013, 11:12 AM
suehelen's Avatar
suehelen suehelen is offline
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Join Date: Dec 2012
Location: Michigan
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Default Depreciation Question for Tom

We built new decks, front and back this fall. I need to depreciate these 39 years, right? The same thing for our new furnace.

However, when I enter the asset It says.. Describe this asset-

Would the furnace be Tools and Equipment? Or "Other"?

The asset class would be.. 3, 5, 7, 10, 15, 20, 25 year? Or 27.5 Residential Rental. 31.5 or 39 year Non residential real estate?

I know you said it has to be depreciated over 39 years? But it's not non-residential real estate. So I'm confused.

Have I explained this clearly enough? LOL
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