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trailer used to haul heavy equipment

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    #1

    trailer used to haul heavy equipment

    How long would you depreciate a trailer used to haul heavy equipment?

    All I can come up with is 7 year. Is that right?

    Linda, EA
    Tags: None
    #2
    I use 5 years for trailers...

    Comment

      #3
      Originally posted by equinecpa View Post
      I use 5 years for trailers...
      And I use 7 years, since such trailers last longer then 5.

      Which is right? Either.
      ChEAr$,
      Harlan Lunsford, EA n LA

      Comment

        #4
        And the correct answer for regular MACRS is..

        Class 00.27 5 year - trailers and trailer mounted equipment. (page 9-8 in the taxbook)

        How long something lasts is irrelevant for tax depreciation, all that matters is the class life set by the IRS. (only loosely connected with the real world.)

        Might also be in Class 15.0 - same 5 year life.

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