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CFP 4 Tax > 4 Useful Lives of Common Assets for Depreciation > Flashcards

4 Useful Lives of Common Assets for Depreciation Flashcards

1
Q

Useful Life of Autos

4.173

A

5 years

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2
Q

Useful Life of Computers

4.173

A

5 years

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3
Q

Useful Life of Heavy Machinery

4.173

A

7 years

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4
Q

Useful Life of Office Furniture

4.173

A

7 years

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5
Q

Useful Life of Boats

4.173

A

10 years

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6
Q

Useful Life of Intangibles (e.g., patents & copyrights)

4.173

A

15 years

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7
Q

Useful Life of Improvements

4.173

A

15 years

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8
Q

Useful Life of Residential Real Estate

4.173

A

27.5 years

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9
Q

Useful Life of Non-Residential Real Estate

4.173

A

39 years

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CFP 4 Tax (9 decks)

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