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Depreciation longarm

Depreciation longarm

Old 06-30-2013, 08:14 AM
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Default Depreciation longarm

Does anyone know how many years a longarm should be depreciated for business / tax purposes ?
Thanks
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Old 06-30-2013, 08:51 AM
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IRS PUB 946 has this information. I believe it's 7 years, but would also qualify for the Section 179 deduction.
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Old 06-30-2013, 10:01 AM
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Thank you so much!
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Old 06-30-2013, 07:43 PM
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I would also put it at 7 year property.
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