The National Directory of Certified Public Accountants

Ask A CPA - Depreciation

Depreciation - 5 Year Property

MACRS 5 year property includes cars, taxis, buses, light general purpose trucks (less than 13,000 lbs), typewriters, calculators, copiers, duplicating machines, computers and peripheral equipment, including appliances, carpets, furniture used in a residential rental real estate activity, breeding cattle and dairy cattle and property used in research and development.

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