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MACRS Asset Life Classifications Flashcards

1
Q

Any qualified restaurant property

A

15-yr property

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2
Q

Office machinery (typewriters, calculators, copiers)

A

5-yr property

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3
Q

Farm buildings

A

20-yr property

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4
Q

Geothermal, solar, and wind energy property

A

5-yr property

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5
Q

Ag machinery and equipment

A

7-yr property

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6
Q

Non-race horse over 12 yrs old when placed in service

A

3-yr property

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7
Q

Computers

A

5-yr property

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8
Q

Fruit-bearing tree/vine

A

10-yr property

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9
Q

Water utility property

A

25-yr property

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10
Q

Any qualified leasehold improvement property

A

15-yr property

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11
Q

Natural gas gathering line placed in service after April 11, 2005

A

7-yr property

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12
Q

Initial clearing and grading land improvements for gas utility property

A

15-yr property

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13
Q

Motorsports entertainment complex property placed in services before 2017

A

7-yr property

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14
Q

Rent-to-own property

A

3-yr property

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15
Q

Automobiles, taxis, buses, trucks

A

5-yr property

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16
Q

Residential real property

A

27.5-yr property

17
Q

Municipal sewers not classified as 25-yr property

A

20-yr property

18
Q

Any telephone distribution plant and comparable equipment used for 2-way exchange of voice and data communications

A

15-yr property

19
Q

Certain improvements made directly to land or added to it

A

15-yr property

20
Q

Breeding and dairy cattle

A

5-yr property

21
Q

Office furniture and fixtures (desks, files, safes)

A

7-yr property

22
Q

Any retail motor fuels outlet

A

15-yr property

23
Q

Natural gas distributing line placed in service after April 11, 2005

A

15-yr property

24
Q

Qualified small electric meter/electric grid system

A

10-yr property

25
Q

Nonresidential real property

A

39-yr property

26
Q

Appliances, carpets, furniture, used in residential real estate activity

A

5-yr property

27
Q

Railroad track

A

7-yr property

28
Q

Race horse over 2 yrs old when placed in service

A

3-yr property

29
Q

Single-purpose ag or horticultural structure

A

10-yr property

30
Q

Any municipal wastewater outlet

A

15-yr property

31
Q

Initial clearing and grading land improvements for electric utility transmission and distribution plants

A

20-yr property

32
Q

Electric transmission property (section 1245) producing 69+ kilovolts of electricity, placed in service after April 11, 2005

A

15-yr property

33
Q

Property w/out designated class life

A

7-yr property

34
Q

Tractor units for over-the-road use

A

3-yr property

35
Q

Any property used in R&D

A

5-yr property

36
Q

Vessels, barges, tugs, other water transportation equipment

A

10-yr property

37
Q

Any qualified retail improvement property

A

15-yr property

PPT Info (2 decks)

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