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Boiler-Depreciation Life?

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    #1

    Boiler-Depreciation Life?

    Client purchased a boiler for his rental property. Is this a furnace? Anyway, what would be the life of this?
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    #2
    Either a furnace or the way he assesses penalties for late rent payments.
    Either way, it's a capital expense.
    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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      #3
      According to my handy reference guide:

      Residential rental property and structural components such as furnaces, waterpipes, venting, etc......

      27.5 years
      http://www.viagrabelgiquefr.com/

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        #4
        i agree with Jesse, 27.5 yr

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