Depreciation

[S T]

How many years do you assign for depreciation purposes to

a fabricated metal ladder that is attached to the side of a commercial building to have access to the roof? Needed for access to the HVAC units, gutters and roof repairs

Sandy

[solomon]

It is not structural and perhaps no clear class so seven years. However, why not consider it as an expense if the cost is not great.

[S T]

Cost

Cost is $1,650 for fabrication and install , so maybe significant

So while adding this info, another depreciation question

carpet for residential rentals is 5 years, correct? is carpet for a commercial rental space also 5 years?

Sandy

[JG EA]

No, it just says for residential rental. What then? In the old days we worried about it being "part" of the building, But if it is ordinary carpet I think I'd use 7 years for commercial area. Ask how long it should last?

[S T]

Commercial Carpet

Thanks,

T/p has already replaced several commercial carpets either at prior to 5 year period or on a , change of tenant. Guess it depends on the quality of the carpet and the tenant useage.


Sandy