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Roger Williams

TYPES of equipment and the depreciable lives

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I am looking for something that lists the various TYPES of equipment and the depreciable lives, instead of actual assets.   Something like:

 

                                Book                      Tax

Tooling                     3                             3

Machinery             12                           7

Computers              5                           3

Furn./Fixtures        7                            5

Bulding, etc.

 

These are just guesses – I am not sure what the actual lives are that we use but that is what I need.  It is preferable that the list contain the method of depreciation as well, such as 12 year SL, 7 year MACRS, etc.

Thanks!

  • 0
    Hello Roger Williams,
    There is an option called IRS Table and that is a link to get a listing of commonly used estimated lives for type of assets in general. There is a listing both for MACRS GDS (General Depreciation System) and MACRS ADS (Alternative Depreciation system). This option is available within the asset details screen (Main tab) in the lower right hand corner (right next to the Help button). I hope this will help you out.
    ~ Lovisa

*Community Hub is the new name for Sage City