trailer used to haul heavy equipment

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  • oceanlovin'ea
    Senior Member
    • Jun 2005
    • 2682
    #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
    • equinecpa
      Senior Member
      • Mar 2006
      • 578
      #2
      I use 5 years for trailers...

        Comment

        • ChEAr$
          Senior Member
          • Dec 2005
          • 3872
          #3
          Originally posted by equinecpa
          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

            • outwest
              Senior Member
              • Dec 2005
              • 455
              #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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