Discussion:Depreciation of HVAC
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| Revision as of 23:43, 9 April 2008 Bjeter (Talk | contribs) (The furnace and) ← Previous diff |
Revision as of 23:48, 9 April 2008 Tiredoftaxes (Talk | contribs) (That is what I t) Next diff → |
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| {{ForumReplyPost|UserID=Bjeter|Date=9 April 2008|Text=The furnace and A/C are considered part of the building and will be depreciable over the appropriate life (27.5 or 39 yrs), unless it is special equipment to regulate a small environment within the building (such as a/c installed only to keep computer equipment in a consistent environment). You can try to get away with calling the furnace a repair, but to me that would depend on the cost of the furnace.}} | {{ForumReplyPost|UserID=Bjeter|Date=9 April 2008|Text=The furnace and A/C are considered part of the building and will be depreciable over the appropriate life (27.5 or 39 yrs), unless it is special equipment to regulate a small environment within the building (such as a/c installed only to keep computer equipment in a consistent environment). You can try to get away with calling the furnace a repair, but to me that would depend on the cost of the furnace.}} | ||
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| + | {{ForumReplyPost|UserID=Tiredoftaxes|Date=9 April 2008|Text=That is what I thought but it seemed silly that an a/c unit which probably only lasts 10-15 years would be part of the building.}} | ||
Revision as of 23:48, 9 April 2008
Discussion Forum Index --> Basic Tax Questions --> Depreciation of HVAC
Discussion Forum Index --> Tax Questions --> Depreciation of HVAC
Tiredoftaxes (talk|edits) said: | 9 April 2008 |
| I have a client who owns a s-corp and they have a warehouse like building which they use for their offices. They made two separate purchases during the year. First they bought a furnace and later on they bought an airconditioner unit, not a window unit. My question is what depreciable life have you used for a furnace and for an airconditioner? | |
Tiredoftaxes (talk|edits) said: | 9 April 2008 |
| The furnace was replaced but there never was any airconditioning. | |
| 9 April 2008 | |
| The furnace and A/C are considered part of the building and will be depreciable over the appropriate life (27.5 or 39 yrs), unless it is special equipment to regulate a small environment within the building (such as a/c installed only to keep computer equipment in a consistent environment). You can try to get away with calling the furnace a repair, but to me that would depend on the cost of the furnace. | |
Tiredoftaxes (talk|edits) said: | 9 April 2008 |
| That is what I thought but it seemed silly that an a/c unit which probably only lasts 10-15 years would be part of the building. | |
