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H&R Block Ch 16 Depreciation

Is the property depreciable:
An automobile used only for personal driving.

No

Is the property depreciable:
An automobile used exclusively in a business.

Yes

Is the property depreciable:
A vacant piece of land held for investment.

No

Is the property depreciable:
An unimproved piece of land used as a commercial parking lot.

No

Is the property depreciable:
A small tool used in business. The tool will wear out in aout three months.

No

Is the property depreciable:
A personal residence owned by the taxpayer. No part of the home is used for business.

No

Is the property depreciable:
A residence rented to others.

Yes

Is the property depreciable:
An office building.

Yes

Is the property depreciable:
A dump truck used in a business.

Yes

Is the property depreciable:
A diamond held for investment.

No

Determine MACRS Recovery Period:
Bus

5 years

Determine MACRS Recovery Period:
Computer

5 years

Determine MACRS Recovery Period:
Concrete Truck

5 years

Determine MACRS Recovery Period:
Copier

5 years

Determine MACRS Recovery Period:
Grain Bin

7 years

Determine MACRS Recovery Period:
Helicopter

5 years

Determine MACRS Recovery Period:
Fence

15 years

Determine MACRS Recovery Period:
Ferry Boat

10 years

Determine MACRS Recovery Period:
File Cabinet

7 years

Determine MACRS Recovery Period:
Taxi

5 years

Determine MACRS Recovery Period:
Dairy Cow

5 years

Determine MACRS Recovery Period:
Shrubery

15 years

Determine MACRS Recovery Period:
Calculator

5 years

Determine MACRS Recovery Period:
Store Shelves

5 years

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