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Depreciation Catergories

 by Tom Copeland

 

 

 
Depreciation Category


Depreciation Method

Personal Property

A.  Office Equipment

(computers, fax, copier, scanner, etc)

 

5 years

B.  Other personal property

(furniture, appliances, play equipment, etc.)

7 years

Land Improvements

(fence, new driveway, underground sprinkler system)

15 years

Home Improvements

(New furnace, remodeling, wood floor, etc.)

39 years

House

(house, condo, manufactured home, townhouse)

39 years

Vehicle

5 years

 

 

For further information, see the Family Child Care Tax Workbook and Organizer 


This handout was produced by Think Small (www.thinksmall.org).

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